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Economics, 15/e
Campbell R. McConnell, University of Nebraska, Emeritus
Stanley L. Brue, Pacific Lutheran University
Chapter 17 Economic Growth and the New Economy
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Web-Based Questions
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Web-Based Questions
- Web-Based Question: Current GDP growth
rates and per capita incomes The Organization for Economic Cooperation
and Development (OECD), at www.oecd.org/std/nahome.htm, via "On-Line
Statistics" provides quarterly growth rates of real 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 that
based on PPPs? Which is more reliable?
- Web-Based Question: Productivity
and technology- examples of innovations in computers and communications Recent
innovations in computers and communications technologies are increasing productivity.
Lucent Technologies (formerly Bell Labs), at www.lucent.com/minds/discoveries,
provides a timeline of company innovations over the past 80 years. Cite five
technological "home runs" (for example, the transistor in 1947)
and five technological "singles" (for example, free space optical
switching in 1990). Which single innovation do you think has increased productivity
the most? List two innovations during the past decade. How might they boost
productivity?
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Origin of the Idea
Analogies, Anecdotes, and Insights