Context Information: Economic Growth is the expansion of output as measured by GDP. In general, the expansion of output can be achieved by adding more resources to the production process or by improving the ways in which the existing resources are utilized or combined. The knowledge of how resources are combined and transformed is what we call technology. In other words, technology is the knowledge of techniques used to transform inputs (resources) into products. is tied closely to how well people live.

Instructions and Steps:

- Select this link to Open

https://www.youtube.com/watch?v=z9jXW9r1xr8

- Access the following TED Talk (video presentation). As you go through the videos, take notes of any relevant information.

Answers the following questions:

1. In what way does this TED Talk describe the impact of technology in the expansion of output?

2. Provide an example of a new but different technology that can have the potential to improve society's standard of living.