Question

the largest contributor to increases in the productivity of american labor is: multiple choice the reallocation of labor from agriculture to manufacturing. improvements in labor quality. increases in the quantity of capital. technological advance.

Answer 1

The largest contributor to increases in the productivity of american labor is technological advance.

Option D is correct .

Labor productivity is largely driven by investment in capital, technological advancement, and mortal capital development. Business and governance can increase labor productivity of workers by immediate investing in or creating impulses for increases in technology and mortal or physical capital.

What's productivity growth?

Productivity growth is our occasion to increase affair without adding inputs and incurring these costs. literal or “ time series ” data on affair and hours worked show the significance of increases in labor productivity to profitable growth in the United States.

What causes increase in productivity?

Productivity increases when further affair is produced with the same quantum of inputs or when the same quantum of affair is produced with lower inputs.

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