In the period following the Great Recession, the creation of new Internet apps has

Question

Quizplus · Accepted Answer

While the creation of new Internet apps may have had little measured effect on GDP or productivity, they can create a lot of consumer surplus in terms of convenience, entertainment, and access to information. However, it is unlikely that they have significantly reduced productivity, as many apps are designed to enhance productivity and efficiency. It is also unlikely that they have led to overexpansion of capacity, as the development of new apps typically responds to consumer demand rather than creating excess supply.

In the Period Following the Great Recession, the Creation of New