Examples of technological progress ■ 1970:50,000 computers in the world 2000:51%of U.S.households have 1 or more computers -The real price of computer power has fallen an average of 30%per year over the past three decades. The average car built in 1996 contained more computer processing power than the first lunar landing craft in 1969. Modems are 22 times faster today than two decades ago. 1981:213 computers connected to the Internet 2000:60 million computers connected to the Internet CHAPTER 5 Economic Growth Il slide 4CHAPTER 5 Economic Growth II slide 4 Examples of technological progress ▪ 1970: 50,000 computers in the world 2000: 51% of U.S. households have 1 or more computers ▪ The real price of computer power has fallen an average of 30% per year over the past three decades. ▪ The average car built in 1996 contained more computer processing power than the first lunar landing craft in 1969. ▪ Modems are 22 times faster today than two decades ago. ▪ 1981: 213 computers connected to the Internet 2000: 60 million computers connected to the Internet 1