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American Economic Growth Since 1973 Since 1995, productivity growth in the U.S. has accelerated to a pace of 2.1 percent per year Investment began rising in 1992 business fixed investment grew at almost three times the rate of GDP much of the additional investment has gone to purchase computers and related equipment * Copyright ? 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 第二十八页,共六十七页。 Modern Economic Growth around the World The industrial core of the world economy experienced a large increase in its level of material productivity and living standards during the nineteenth an
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