Question

ndicate 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. Premature obsolescence of capital due to high energy prices D. All of the above

Answer 1

- D. All of the above

Step-by-step explanation:

- As the country shifted from good-based economy to service-based economy, the market need a little bit of time to adjust. People start to re-structure the way they operate their business to accommodate the new demands in the market. This transitional period caused the productivity slowdown.

- Deterioration of the U.S educational system lead to less amount of high skilled workers in United States. This make the company's unable to hire enough employees with high productivity.

- High energy prices caused many companies unable to fulfill their production quota as usual (since machines require energy fuel to be operated) . This cause a decrease in the country's GDP and productivity.