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11 September, 10:13

Indicate 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. Increased production and transportation costs

D. All of the above

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Answers (1)
  1. 11 September, 13:16
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    Answer: Option (D)

    Explanation:

    The productivity slowdown from year 1974 to 1995 occurred due to several reasons, some of these are listed below:

    1. At times there was a vast shift from the goods-driven economy to service-driven economy. i. e. the boom of industrialization.

    2. During these year there was a severe deterioration in United States educational system.

    3. Also during this era there was an huge increase in the transportation and production costs.
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