Question

. Factors that influence standard of living Which of the following factors played the biggest role in the slow growth of average incomes in the United States during the 1970s and 1980s? OSlow growth in productivity O Increased competition from India OIncreased competition from japan ODisinfation of the dollar

Answer 1

Answer:

The correct option is slow growth in productivity

Explanation:

The United States experienced slow growth in average income between the 1970s to 1980s, more than three decades after the second World War. However the gap between the highly paid and the low-paid workers have been steadily on the increase. Of all the reasons behind this, the major stand-out reason was the slow growth in productivity experienced in the United States as a result of the recession at that time.