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Economics U$A: 21st Century Edition

Productivity Quiz

Historically, the rate of real per capita GNP/GDP growth in the U.S. has:

According to the economic analyst Edward Denison, the most important source of growth in the U.S. for the period 1929 to 1957 was:

Generally, in the field of technology, the U.S. has been:

Q. B. Jones is president of Medigadgets, Inc., a manufacturing firm specializing in equipment and supplies for the medical field. Jones works hard to attract investors for Medigadgets, and about 10% of the firm’s gross is reinvested. Jones’s rationale is that such investment is essential to high productivity. “Our people have the very latest equipment to work with,” says Jones. “We are light years ahead of our nearest competitors.” Jones’s perspective in this case is PROBABLY:

Which of the following is among the MOST SiGNIFICANT reasons cited for the productivity slowdown in the U.S.?

Economists worry about a slowdown in productivity for two MAIN reasons. One is the potential decline in technological change that could affect our future rate of growth. And the other is:

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Economics U$A: 21st Century Edition