Chapter 16: Economic GrowthThis is a featured page

Ingredients of Growth

Production Possibilities Analysis
  • Growth and the PPC
  • Growth in the AD/AS model

Accounting for Growth
  • Labor inputs vs. labor productivity
  • Technological advance
  • Quantity of capital
  • Education and training
  • Economies of scale and resource allocation

Productivity and the "New Economy"
  • Reasons for productivity acceleration
  • Implications: more-rapid economic growth

Is Growth Desirable and Sustainable?


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