What factors might contribute to a low level of productivity in aneconomy? Compare these to the rapid productivity growth experienceby the United States during the 1990s.

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RonaldLv2

28 Sep 2019

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Related questions

a. What factors might contribute to a low level of productivity inan economy? Compare these to the rapid productivity growthexperience by the United States during the 1990s.

b. Why do economists pay more attention to national economies thanstate or regional economies?

c. Discuss the differences between unemployment and underemploymentand give examples of each. Include in your contribution thedifferences between fiscal and monetary policy and how each wouldbe used to reduce high levels of unemployment.

A study conducted by The Conference Board in 2015 found a weakening of productivity growth across the globe in the year 2014. The lack of productivity growth, in part, has been attributed to a dramatic weakening of productivity growth in the United States and Japan in the same year. Still, the United States displays one of the highest levels of productivity relative to other countries.

Provide a reasonable explanation for why productivity growth declined in the United States over the year 2014 and explain what could cause productivity growth to increase in the future.

https://www.conference-board.org/retrievefile.cfm?filename=The-Conference-Board-2015-Productivity-Brief.pdf&type=subsite