An influential economic analysis tracked the balance of an average person's lifetime hours dedicated to work versus leisure. It found that in 1880, leisure hours were only one-quarter of work hours, but by 1995, leisure hours had grown to exceed work hours. The same analysis projected that by 2040, lifetime leisure hours would be triple the number of lifetime working hours. Considering these points, the projection for 2040 assumes a simple, constant rate of change in the work-leisure balance as was observed in the period from 1880 to 1995.
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The Economy 2.0 Microeconomics @ CORE Econ
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An influential economic analysis examined the allocation of an average person's lifetime between work and leisure across different eras. Arrange the following descriptions of these eras in chronological order, from the earliest historical period to the most recent projected period.
An influential economic analysis tracked the balance of an average person's lifetime hours dedicated to work versus leisure. It found that in 1880, leisure hours were only one-quarter of work hours, but by 1995, leisure hours had grown to exceed work hours. The same analysis projected that by 2040, lifetime leisure hours would be triple the number of lifetime working hours. Considering these points, the projection for 2040 assumes a simple, constant rate of change in the work-leisure balance as was observed in the period from 1880 to 1995.
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An influential economic analysis documented a significant shift in the allocation of lifetime hours between work and leisure. It found that in 1880, leisure hours were about one-quarter of work hours. By 1995, leisure hours had surpassed work hours. The same analysis projected that by 2040, lifetime leisure hours would be approximately triple the number of lifetime work hours. Which of the following scenarios provides the most plausible explanation for the dramatic projected increase in the leisure-to-work ratio between 1995 and 2040?
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