Question

Productivity peaked in the United States following the dot-com boom in the early-2000s and has been declining over the past decade.

A) True
B) False

Answer 1

Productivity peaked following the dot-com boom in the early-2000s, but declined in the 2000s. It is hard to determine its long-term trends due to the 2008-2009 recession.

Step-by-step explanation:

The statement is False. According to the U.S. Department of Labor, Bureau of Labor Statistics, U.S. productivity growth experienced a rebound in the late 1990s and early 2000s, following the dot-com boom. However, productivity sagged b in the 2000s. It is important to note that we cannot determine the long-term productivity trends during the later part of the 2000s due to the 2008-2009 recession and its impact on output and employment.