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1.Show and explain how a rise in productivity advances a country's standard of living. Do the same for an increase in the savings rate and
1.Show and explain how a rise in productivity advances a country's standard of living. Do the same for an increase in the savings rate and a decrease in the nation's fertility rate.
2.Why are economists anxious to incorporate measures of human capital into our accounting for economic growth? And, would you suggest different metrics for developing vs developed nations?
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