Output growth in the United States in the period 1996 to 2008 averaged three percent per year. Though this was an improvement on the 2.9% average annual growth of output over the preceding 20 years, an increase of one-tenth of a percentage point seems hardly to justify the popularity of the label "new economy." Comment.

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The Answer of Output growth in the United States in the period 1996 to 2008 averaged three percent per year. Though this was an improvement on the 2.9% average annual growth of output over the preceding 20 years, an increase of one-tenth of a percentage point seems hardly to justify the popularity of the label "new economy." Comment.

Output Growth in the United States in the Period 1996