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3. Explain how productivity affects economic growth.

User Clare Chu
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Answer:

Productivity increases have enabled the U.S. business sector to produce nine times more goods and services since 1947 with a relatively small increase in hours worked. With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work.

Step-by-step explanation:

User Bholendra Singh
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