How would you explain the disconnect between the advances in technology described in the news clip and

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How would you explain the disconnect between the advances in technology described in the news clip and the pace of real GDP growth?


Dear Silicon Valley: Forget flying cars, give us economic growth We have made enormous advances in computing technology. In Silicon Valley at Alphabet’s X labs, people are working on transformative technologies that include driverless cars, high-altitude balloons that deliver the Internet to remote regions of the world, self-navigating drones, and flying wind turbines tethered to a ground station. But despite today’s advances in technology, our economic growth rate has slowed.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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