Asked by
Hitesh Rajain
on Oct 12, 2024
Verified
Our rate of productivity growth in the 1970s and 1980s was _____ the rate of productivity growth in the 1960s.
A) twice
B) one and a half times
C) equal to
D) one third
1970s and 1980s
A historical period characterized by major economic and political changes worldwide, including inflation and the end of the Cold War.
Productivity Growth
An increase in the efficiency of production within an economy, often measured by the output per unit of input over time.
- Acquire an understanding of the fundamentals of gross savings and the progression of productivity growth rates throughout distinct time frames.
Verified Answer
IB
Learning Objectives
- Acquire an understanding of the fundamentals of gross savings and the progression of productivity growth rates throughout distinct time frames.