Question

Increased labor productivity has been less important as a source of growth than the increased labor inputs in the U.S. economy since the 1950s.
True / False.

Answer 1

Answer:

The correct answer is False.

Explanation:

Even before the Great Recession, participation in the workforce had registered declines. During the "golden age", from 1960 to 1990, participation rates increased from 60% to 66%. This was a consequence of the arrival to adulthood of the generation resulting from the post-war birth boom and the increase in the representation of women in the labor force. But this momentum in the importance of the workforce began to diminish in the 1990s, when the postwar generation began to retire and women's participation rates declined. In fact, since the bursting of the computer bubble and the recession of 2001, the participation rate has suffered a continuous decline.