The slowdown in productivity growth during the period 1976-1995 occurred because both the growth of capital and the growth of technology slowed down.

Question

Quizplus · Accepted Answer

The statement accurately reflects the explanation for the slowdown in productivity growth during the period 1976-1995. Both capital and technology play important roles in driving productivity growth and their slower growth rates contributed to the overall slowdown during this period.

The Slowdown in Productivity Growth During the Period 1976-1995 Occurred