Over long time periods, the growth of labor productivity underlies an economys growth of real wages and
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Over long time periods, the growth of labor productivity underlies an economy’s growth of real wages and its standard of living. U.S. productivity rose by 2.8 percent annually between 1995 and 2009, compared to 1.5 percent annually between 1973 and 1995.
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Related Book For 
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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