Asked by
Jordan Johnson
on Nov 11, 2024Verified
Over the last 100 years,the U.S.labor productivity growth rate experienced its largest declines _____.
A) during the Great Depression
B) in the 1940s
C) during the 1950s
D) during the 1980s
E) during the 1990s
Labor Productivity Growth
An increase in the amount of goods and services produced per hour by the workforce.
Great Depression
A severe worldwide economic downturn in the 1930s, marked by high unemployment and financial instability.
1980s
A decade marked by significant political, technological, and cultural changes, influencing global economics, international relations, and the rise of personal computing and digital technologies.
- Understand the evolution of labor productivity growth in the U.S. and its resultant effects.
Verified Answer
GS
Learning Objectives
- Understand the evolution of labor productivity growth in the U.S. and its resultant effects.