Discussion

Economists observe growth in economies over time. You notice they use terms such as productivity and GDP in order to explain economic growth.For this discussion I want you to think of examples of economic growth in the modern day. Think of factors that impact growth and events that hinder it.

Directions

For this assignment I want you to choose any country that you would like to focus on, in terms of economics. Every country can improve their standard of living through different policies. Please answer the questions below:

• List the determinants of productivity.
• List three policies that attempt to raise living standards by increasing one of the determinants of productivity for the country you chose.
• Provide a real life example of your policies implemented in another country as evidence.