Self-driving cars, also known as autonomous vehicles, will require little or no human input to operate safely.

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Self-driving cars, also known as autonomous vehicles, will require little or no human input to operate safely. A recent report claims that these vehicles will cost the U.S. economy 4 million jobs but also add nearly $800 billion in annual output. Explain how autonomous vehicles increase potential output and contribute to economic growth. Identify the winners and losers in the development of autonomous vehicles.

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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