3 39. When considering the "golden age" of productivity growth in the U.S. economy (1948-1943), theindustry outside of manufacturing making the largest contribution to overall productivity growth wasA. transportationB. finance and insuranceC. miningD. construction 60. Over the course of an economic expansion or boom we typically see GDP growth that isthe inflation rateA. positive; decrease; increaseB. positive; increase; decreaseC. negative; increase; increaseD. constant; increase; increaseand the unemployment rate

GDP(gross domestic product) is the sum total of value of final goods/services produced in an economy…

60. Over the course of an economic expansion or boom we typically see GDP growth that is the inflation rate A. positive; decrease; increase B. positive; increase; decrease C. negative; increase; increase D. constant: increase; increase and the unemployment rate

60. Over the course of an economic expansion or boom we typically see GDP growth that is the inflation rate A. positive; decrease; increase B. positive; increase; decrease C. negative; increase; increase D. constant: increase; increase and the unemployment rate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 23CTQ: Labor Productivity and Economic Growth outlined the logic of how increased productivity is...

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Question

39. When considering the "golden age" of productivity growth in the U.S. economy (1948-1943), the
industry outside of manufacturing making the largest contribution to overall productivity growth was
A. transportation
B. finance and insurance
C. mining
D. construction

60. Over the course of an economic expansion or boom we typically see GDP growth that is
the inflation rate
A. positive; decrease; increase
B. positive; increase; decrease
C. negative; increase; increase
D. constant; increase; increase
and the unemployment rate

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