Which statement is true?A) Our rate of productivity increase was greater in the 1980s than the 1960s.B) The key to productivity growth is an increasing labor force.C) Rising productivity could come about with the same output from fewer units of input.D) We have a higher growth rate than the Chinese even though they have a higher savings rate.

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Aamna Ahmed · Accepted Answer

Final Answer : C, Explanation :  The statement Rising productivity could come about with the same output from fewer units of input is true as increased productivity means producing more output with the same or fewer inputs. Option A and D are incorrect as there is no information provided to compare productivity growth rates between different countries or time periods. Option B is incorrect as an increasing labor force may not always lead to productivity growth.

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