Question

Which statement about U.S. economic growth since 1950 is true? The 1950s and 1960s were particularly good decades for growth, and the benefits of growth were more widely shared than they have been in recent decades. The decade of the 1990s was by far the best for growth, as improvements in information technology greatly increased productivity. Growth of GDP per capita has been remarkably constant over this time; no decade stands out as either better or worse than any other. Although median income per household is lower than GDP per household (an average), the two have grown at about the same rate throughout the period. Question 4 (1 point) U.S. labor force participation was increasing in the 1970s and 1980s. Which of these is (are) true? Female labor force participation was rising; male labor force participation was declining somewhat. O Male and female labor force participation were both rising in those decades. Since 1980, female labor force participation has been as high or higher than male participation. Both a and c. Question 5 (1 point) Suppose that a large number of people who were working or seeking work decide to no longer do either. If no one else's labor force status changes, this change must O reduce the unemployment rate. increase the labor force participation rate. reduce the labor force participation rate. increase the unemployment rate.

Answer 1

3. Ans - The decade of the 1990 was by far the best of growth, as improvement in information technology and greatly increased productivity.

Explanation:

According to the given data on Us growth rate since 1950.

4. Ans - Female labor force participation was rising; male labor force participation rate was declining somewhat.

5. Ans - reduce the labor force participation rate.