An article in the Wall Street Journal discussing the Trump administrations goal of increasing the annual rate

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An article in the Wall Street Journal discussing the Trump administration’s goal of increasing the annual rate of growth in real GDP to 3 percent noted, “Two stubborn obstacles stand in his way. The work force isn’t producing enough new workers, and the productivity of those working isn’t growing fast enough.” Briefly explain why these two factors are “obstacles” to attaining a higher growth rate.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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