Economics 14/e   McConnell
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Chapter 18 Web-Based Questions

18-15 Web-based Question    

Current GDP Growth Rates and Per Capita Incomes—Is There a Relationship? The OECD (Organization for Economic Cooperation and Development) http:// www.oecd.org/std/nahome.htm provides both quarterly growth rates of real gross domestic product (GDP) for OECD member countries and an annual comparison of levels of GDP per capita based on exchange rates and purchasing power parities (PPPs). Which countries have the highest and lowest current GDP growth rates? Which have the highest and lowest per capita incomes? Does there seem to be a relationship? In your comparison does it matter if you use per capita income based on exchange rates or PPPs? Which is more reliable?

18-16 Web-based Question  

Increased Productivity Through Technology—Find Examples of Innovations in Computers and Communications Recent innovations in computers and communications technologies are increasing productivity. Lucent Technologies (formerly Bell Labs) http://www.lucent.com/ideas2/ideas.html provides a timeline of innovations over the past 70 years. During this period which increased the fastest: technological "home runs" (e.g. the transitor in 1947) or technological "singles" (e.g. free space optical switching in 1990)? Which innovation do you think has increased productivity the most? What are some current innovations which could increase productivity and in what way?

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