Asked by Akarshna Premanand on Jul 17, 2024
Verified
Statement I: In recent years,American basic skills in reading,writing,and arithmetic have been improving.
Statement II: Our rate of economic growth is very closely tied to our rate of productivity growth.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Productivity Growth
An increase in the efficiency of production processes, leading to a higher output of goods and services for the same input of labor, capital, and resources.
Economic Growth
An increase in a country's output of goods and services over time, measured by the rise in its Gross Domestic Product (GDP).
Basic Skills
Fundamental abilities such as reading, writing, and arithmetic that form the building blocks for further learning and job competencies.
- Understand the factors affecting productivity growth, including the impact of technology and education.
- Understand the challenges and factors that have influenced U.S. economic growth and productivity since the 1970s.
Verified Answer
JV
Jennifer VallejoJul 18, 2024
Final Answer :
B
Explanation :
Statement II is true as economic growth is indeed closely tied to productivity growth. However, various reports and studies have shown that American basic skills in reading, writing, and arithmetic have faced challenges and have not universally improved in recent years, making Statement I false.
Learning Objectives
- Understand the factors affecting productivity growth, including the impact of technology and education.
- Understand the challenges and factors that have influenced U.S. economic growth and productivity since the 1970s.