BUSI 2003

Topic: Economic growth and productivity

Learning Activity #4

After watching the video (https://www.learner.org/series/economics-ua-21st-century-edition/economic-growth/), answer the following assigned question(s)

Q1: Why were not the Ford cars affordable before the Model T came to the market? And how could Ford sell half a million car per year with a price even below $600?

Q2: How did he increase labour productivity?

Q3: What are the side effects of the economic growth, if any? Are they really the product of the economic growth?

Q4: How were the problems stemmed (or that was predicted to arise) from the rapid economic growth solved to some extent?