| Table 4-5 |
| U.S. average annual real GDP growth rates, unadjusted and R&D adjusted: 1959–2007 |
| (Percent) |
| |
| Period |
Unadjusted
real GDPa |
R&D-adjusted
real GDPb |
Difference |
| |
| 1959–2007 |
3.32 |
3.39 |
0.07 |
| 1959–73 |
4.20 |
4.33 |
0.13 |
| 1974–94 |
3.02 |
3.03 |
0.01 |
| 1995–2001 |
3.76 |
3.93 |
0.17 |
| 2002–07 |
2.75 |
2.87 |
0.12 |
| |
GDP = gross domestic product
aAs published in the national income and product accounts.
bReal GDP with R&D treated as investment, deflated by aggregate output price index. Double-counting of R&D software removed.
SOURCE: Bureau of Economic Analysis estimates in Lee and Schmidt (2010).
Science and Engineering Indicators 2012 |
|