The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War (The Princeton Economic History of the Western World Book 70)

by Robert J. Gordon

this is relevant only to a limited sphere of human experience. Total business and household spending on all electronic entertainment, communications, and information technology (including purchases of TV and audio equipment and cell phone service plans) amounted in 2014 to only about 7 percent of gross domestic product (GDP).