Because of the productivity slowdown in Australia from the mid-1970s through to the early 1990s:
A)real GDP per capita grew more rapidly.
B)real GDP per capita grew more slowly.
C)the standard of living did not change.
D)the standard of living increased in Australia.

Question

Quizplus · Accepted Answer

The productivity slowdown would have resulted in slower growth in real GDP per capita, which in turn would have slowed the increase in the standard of living in Australia.

Because of the Productivity Slowdown in Australia from the Mid-1970s