Experts estimate that in a 2 percent growth economy, the average household income would increase $17,000 less over a decade than it would in a world of 3 percent growth. iStockphoto.com hide caption

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President Obama tours Cree, Inc., a manufacturer of energy efficient LED lighting, in North Carolina on June 13. Economists believe the innovation of new technology would create jobs and boost the economy. Saul Loeb/AFP/Getty Images hide caption

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