Figure 6.1
-According to Figure 6.1,in postwar U.S history ________.
A)productivity growth was always exceeded by labor growth
B)labor growth has always exceeded capital growth
C)productivity growth has always exceeded capital growth
D)output growth has always exceeded productivity growth

Question

Figure 6.1 
-According to Figure 6.1,in postwar U.S history ________.
A)productivity growth was always exceeded by labor growth 
B)labor growth has always exceeded capital growth 
C)productivity growth has always exceeded capital growth 
D)output growth has always exceeded productivity growth

Quizplus · Accepted Answer

Output growth exceeding productivity growth implies that the increase in total production is greater than the improvements in the efficiency of production. This can occur when there is an increase in inputs (like labor and capital) alongside productivity improvements, leading to overall higher output growth.

Figure 6.1 -According to Figure 6.1,in Postwar U.S History ________