Question

Indicate which of the following is an explanation for the productivity slowdown of​ 1974-1995.

A. A shift from a​ goods-based economy to a​ service-based economy
B. Deterioration of the U.S. educational system
C. Increased production and transportation costs
D. All of the above

Answer 1

Answer: Option (D)

Step-by-step explanation:

The productivity slowdown from year 1974 to 1995 occurred due to several reasons, some of these are listed below:

1. At times there was a vast shift from the goods-driven economy to service-driven economy. i.e. the boom of industrialization.

2. During these year there was a severe deterioration in United States educational system.

3. Also during this era there was an huge increase in the transportation and production costs.