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Graph Representing U.S. Growth In Gross Domestic Product From 1909 To 1949

Graph representing U.S. growth in gross domestic product from 1909 to 1949
  • Vertical axis represents a log of economic output beginning at 0 and numbering in single digits to the number 8.
  • Horizontal axis represents years by decade from 1909 to 1949.
  • The graph shows the portions of output growth that economist Robert Solow attributed to "labor/capital intensity" (the lower one-eight of total growth) and to "technical change" (the upper seven-eights of total growth).
Updated August 24, 2015