Authors libby rittenberg 96

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: http://www.saylor.org/books/ Saylor.org 96