If the United States productivity growth does not keep up with that of its trading partners, the United States will quickly lose its international competitivesness and not be able to export any products, and its standard of living will fall.
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The loss in productivity of US can lead to fall in exports of US. Positive changes in average and marginal productivity reduce the cost of production. This is because of improvement in the marginal productivity and average productivity leads to economies of scale which helps in ...
The loss in productivity of US is disussed.