Per person, computers' value has risen
Saturday, April 2, 2011 5:01 PM By dwi
ATLANTA, Apr 2 (UPI) -- Economists at the Federal Reserve Bank of Atlanta said the average U.S. citizen gains a goodness of $1,700 per year from individualized computers.
Economists Karen Kopecky and Jeremy Greenwood premeditated that, in total, the land was $500 billion ahead in 2009 cod to individualized computers, The Wall Street Journal reported Saturday.
The economists premeditated the money spent on individualized computers and institute what the average goodness or "utility" derivative from computers and deducted the difference, arriving at what is titled the "welfare gain," derivative from PCs.
Comparing 1977 with 2009, the toll of a individualized consumer had dropped substantially -- 99.8 proportionality -- patch the benefits gained substantially as computers have embellish more powerful.
In the early days, the goodness gain from computers was about $6 per person, the economists said. By 2009, that had grown to between $1,300 and $2,100 per mortal or about $1,700, they said.
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