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Chapter 27
The Process
of Economic Growth
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T-199
Figure 27-1
Economic Growth Is Key to Long-
Term Living Standards
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Diffusion of Major Technologies
during the Twentieth Century
T-200
Figure 27-2
Source,Economic Report of the President,2000
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The Classical Dynamics
of Smith and Malthus
T-201
Figure 27-3
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Environmental Constraints Can Be
Overcome with New Technologies
T-202
Figure 27-4
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Economic Growth through
Capital Deepening
T-203
Figure 27-5
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Technological Advance Shifts Up
the Production Function
T-204
Figure 27-6
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Economic Growth Displays
Striking Regularities
T-205
Figure 27-7
Source,U.S,Departments of Commerce and Labor,Federal Reserve Board,U.S,Bureau of the Census,
and historical studies by John Kendrick
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Productivity Growth Slowed in
1970s but Recovered in Late 1990s
Source,U.S,Department f Labor; figures are 5-year averages
T-206
Figure 27-8
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The Components of the Productivity
Surge in the Late 1990s
Source,Robert J,Gordon and the Bureau of Labor Statistics
T-207
Figure 27-9