Asked by
Brenda Ramos
on Oct 12, 2024
Verified
Edward Denison identified which of the following as the main source of productivity growth in the United States between 1929 and 1982?
A) Added labor and capital.
B) The increase in labor's education and training.
C) Advances in knowledge obtained through research and development.
D) The improved quality of corporate management.
Edward Denison
An American economist known for his work on measuring the sources of economic growth.
Productivity Growth
An increase in the output of goods and services per unit of input, reflecting improvements in efficiency, technology, or processes.
- Identify the differences between kinds of economic transformations, including the role of technology advancements and their influence on productivity levels.
Verified Answer
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Learning Objectives
- Identify the differences between kinds of economic transformations, including the role of technology advancements and their influence on productivity levels.