Question
1. Give statistics to illustrate that there are large variations in growth across nations 2. Give examples to illustrate that everyone used to be poor.
1. Give statistics to illustrate that there are large variations in growth across nations 2. Give examples to illustrate that everyone used to be poor. 3. Give examples of some growth miracles and growth disasters 4. Use the rule of 70 to calculate GDP over time and to demonstrate the compounding effects of economic growth. 5. List the determinants of economic growth including the factors of production and compatible institutions.* 6. Define Human Capital and identify the sources of human capital 7. Distinguish between private capital and public capital 8. Give examples of pro-growth polices a government could support. 9. Analyze institutions and policies across nations to determine why nations are rich or poor.
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