Question

1. factors that influence standard of living

which of the following factors played the biggest role in the slow growth of average incomes in the united states during the 1970s and 1980s?
slow growth in productivity
increased competition from india
increased competition from japan
disinflation of the dollar

Explanation:

To determine the factor influencing slow income growth in the US (1970s - 1980s), we analyze each option:

• Slow growth in productivity: Productivity (output per worker) drives income growth. During this period, US productivity growth slowed, limiting income growth.
• Increased competition from India: India’s economic rise was not a major factor in the 1970s–1980s (India was less industrialized then).
• Increased competition from Japan: While Japan competed, productivity slowdown was a more fundamental, economy - wide driver of income growth.
• Disinflation of the dollar: Disinflation (reduced inflation) is not a primary cause of slow income growth; it relates to price stability, not income generation.

Answer:

A. Slow growth in productivity