Technology and Productivity (Pg. 59 & 61)

The Government's Roles

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Do you believe that the Government's role is to fix the economy?In 1992 more than half of the voters believe that the government is to involve in businesses and indivduals.About 16 years later in 2008 the majority of the first time voters wanted the government to do more in to solving the nations problem. By 2010 the same voters came back to saying that 56% of voters say that the government is overreaching, on the other hand 38% say that need to do more.

Promotes innovation and invention

Federal agencies fund scores of research and development

The American Work Ethic

Is work ethic a race or a ethnicity issue?

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Over the last 30 years work ethic in America has declined by 15% There was a world wide study to show the countries that get the most days off per year The best ranked countries were Lithuania and Brazil they get off an average of 41 days off per year.

In the Washington post there was a article written asking Rogalia

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Rogalia a 25 year old says that his friends would rather be poorer and have as much free time as possable than work and have a lot of money.

Which has the best work ethic race or ethnicity?

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Reasearch has shown the Asian countries such as: Japan, China, Pakistan, and other countries. Another Part of this reaseach has told us that just alone in India 43% of their population is self employed.

Subtopic

Subtopic

Technological Progress

Technology is key to having a better and more efficient economy.

Innovation

Improved productivity

Allows more tasks to be completed in a shorter amount of time

Light bulb=Longer work day

Obsolescene

Older products and processes become out of date (Includes workers!)

Telephone workers lost jobs due to computerized dialing systems

Increased GDP

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What is GDP?It is another way to see the total value of the final goods and services produced of over a year. This is important because it lets us make a comparison between companies and past years.

Adds a competative edge to economies

Sources

Pearson Economics