Homework Help is Here – Start Your Trial Now!
Social Science
History
1) Growth in real GDP per hour worked in the United States was slowest during what period of time? A) 1900-1949 B) 1950-1972 C) 1973-1994 D) 1995-2010

1) Growth in real GDP per hour worked in the United States was slowest during what period of time? A) 1900-1949 B) 1950-1972 C) 1973-1994 D) 1995-2010

icon
Related questions
Question
1) Growth in real GDP per hour worked in the United States was slowest during what period of time? A) 1900-1949 B) 1950-1972 C) 1973-1994 D) 1995-2010 2) Which of the following is true regarding the productivity slowdown in the United States during the mid-1970s? A) The productivity slowdown occurred despite a rising quality of labor. B) The productivity slowdown was unique to the United States as foreign countries experienced unprecedented rates of growth during that time. C) High oil prices raised the costs of doing business for markets worldwide, and reduced output worldwide as well. D) The move toward a "New Economy" ended in the early 1970s, resulting in less technological progress in the United States during the mid-1970s. 3) The "New Economy" that emerged in the mid-1990s is based on A) manufacturing. B) financial services. C) information technology. D) retail sales. 4) Because of diminishing returns, an economy can continue to increase real GDP per hour worked only if A) there are decreases in human capital. B) the per-worker production function shifts downward. C) there continue to be decreases in capital per hour worked. D) there is technological change.
Transcribed Image Text:1) Growth in real GDP per hour worked in the United States was slowest during what period of time? A) 1900-1949 B) 1950-1972 C) 1973-1994 D) 1995-2010 2) Which of the following is true regarding the productivity slowdown in the United States during the mid-1970s? A) The productivity slowdown occurred despite a rising quality of labor. B) The productivity slowdown was unique to the United States as foreign countries experienced unprecedented rates of growth during that time. C) High oil prices raised the costs of doing business for markets worldwide, and reduced output worldwide as well. D) The move toward a "New Economy" ended in the early 1970s, resulting in less technological progress in the United States during the mid-1970s. 3) The "New Economy" that emerged in the mid-1990s is based on A) manufacturing. B) financial services. C) information technology. D) retail sales. 4) Because of diminishing returns, an economy can continue to increase real GDP per hour worked only if A) there are decreases in human capital. B) the per-worker production function shifts downward. C) there continue to be decreases in capital per hour worked. D) there is technological change.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer