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To: Doug who wrote (14104)10/30/1999 4:50:00 PM
From: Doug  Respond to of 18016
 
Anyone:
It has often been stated that the Internet economy is going to grow to $1T in 3 yrs.

However the current facts are that the present GDP is $9T and historically growing at less than 4%.

Similarly every Q we hear of huge productivity gains. A gain in Productivity must result in either shorter work hours or increase in real quantity of goods/worker.

Would appreciate if some one could explain

a: how the $1T will be reached and what would be the forecast GDP in 2003.?

b:Why there is no correlation between the productivity claims and the GDP even though the work hours have remained constant.

Thanks.