Asked by Claire Fledderman on May 10, 2024
Verified
Productivity in the service sector of the U.S. economy has decreased over the last decade.
Service Sector
Businesses that provide services, rather than tangible goods.
Productivity Decrease
A reduction in the efficiency at which an organization or economy converts inputs into outputs, often leading to lower output per unit of input.
- Comprehend the methodologies for measuring productivity and the associated productivity ratio.
Verified Answer
MA
magedahmed alhalmyMay 11, 2024
Final Answer :
False
Explanation :
Productivity in the U.S. service sector has generally increased over the last decade, with advancements in technology and process improvements contributing to productivity gains.
Learning Objectives
- Comprehend the methodologies for measuring productivity and the associated productivity ratio.