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The Economics of Y2K and the Impact on the United States

As a result of programming decisions made during their creation, computer software and hardware may not recognize the Year 2000 accurately, causing operational errors. This report assesses the economic implications of this Y2K problem for the U.S. economy. The Department of Commerce’s Economics and Statistics Administration reviewed how firms and governments should be expected to react in the face of the knownY2K problems and compared these results with available progress reports on Y2K readiness and other published Y2K economic assessments.

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