Chapter 9, Problem 1QFT

To determine

The technological progress in the modern airline from the airline of 1960s.

Concept Introduction:

Economic Growth:

The economy is said to be growing when there is increase in the production of goods and services per head, when certain time period is compared to another time period.

Explanation of Solution

• In the given case, with the technical progress the fares have reduced to one-third as compared to fares of 1960s, after making adjustments for inflation.

• The modern jet airline uses less than one-third of fuel used in airlines of 1960s, so it can be said that modern airlines are comparatively more fuel efficient.

• Various variability’s are also there in the engine as modern engines are high-bypass engine, with engine there is also change in the usage of raw material and because of this the airframes are comparatively lighter.

• However, the modern airways do pretty much same thing as compared to the airliners of 1960s but there is lot difference in technology, which is not viewed by the people.