What contributed slower rate of growth in labor productivity


Problem

1. (Slowdown in Labor Productivity Growth) What contributed to the slower rate of growth in labor productivity during the 1974-1982 period?

2. (Output per Capita) Explain how output per capita can grow faster than labor productivity. Is it possible for labor productivity to grow faster than output per capita?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What contributed slower rate of growth in labor productivity
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