Authors libby rittenberg 96
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Year
Percentage contribution to
growth
Period growth
rate
labor
Increase in quantity of
capital
33%
Increase in quality of
labor
15%
Increase in quality of
capital
17%
Improved technology
11%
Years 1995–2002
3.59%
Increase in quantity of
labor
19%
Increase in quantity of
capital
8%
Increase in quality of
labor
5%
Increase in quality of
capital
47%
Improved technology
20%
Total output during the period shown increased sixfold. The chart shows
the percentage of this increase accounted for by increases in the quantity
of labor and of capital and by increases in the quality of labor and of capital
and improvements in technology. In the 1995–2002 period, the
incorporation of information technology led to improvements in the
quality of capital and technology that greatly contributed to growth.
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
96
