Question

In the early part of the 21st century, annual productivity growth in the U.S. has been _______ .

-4%
- 7%
- 1%
- 2.5%

Answer 1

The annual productivity growth in the U.S. in the early part of the 21st century was 2.5%, following a period of increase from 2.2% between 1990 and 2000.

Step-by-step explanation:

In the early part of the 21st century, annual productivity growth in the U.S. has been 2.5%. According to information provided, productivity growth in the United States experienced a significant increase to 2.7% from 2000 to 2007 before declining to 1.4% from 2007 to 2020. It is important to consider that productivity growth rates have fluctuated over the years, with different periods showing varying degrees of growth. For example, after declining in the 1970s and 1980s, the rate of productivity growth rose in the late 1990s and early 2000s, suggesting a possible impact from the advent of new technologies and economic policies during those times.