Chapter25: Economic Growth - Home
Figure 25.5 shows the growth of labor productivity (as measured by changes in the index of labor productivity) in the United States from 1973 to 2009, along with separate trend lines for 1973–1995 and 1995–2009. Labor productivity in the business sector grew by an average of only 1.5 percent yearly over the 1973–1995 period. ................
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