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The Impact Of Technology On Productivity

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THE IMPACT OF TECHNOLOGY ON PRODUCTIVITY IN THE UNITED STATES OVER THE PAST 10 YEARS
INTRODUCTION
The success of a country is determined by its economic growth and this is measured by gross national product (GNP) or gross domestic product (GDP). GDP is the aggregate output of a country by compiling the values of goods and services produced within a period (quarterly or annually). In most countries, production attributes the largest portion of the GDP values. Increase in production is measured by productivity. Productivity measures the effectiveness and efficiency of a given input to generate the outputs of its products or services. Productivity is a closely monitored indicator on the prospects of a given economy. With the same amount of labour hours contributed by U.S. workers, U.S. businesses …show more content…

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