Economic Growth exercise.

In this exercise you are playing the role of an economist whose job it is to develop a plan for economic growth in your country.Your proposal is to explain a means of developing economic activity that will grow the size of the economy and increase the standard of living.A tough task.Your proposal should be separated into three categories:

What does economic growth look like?Be sure to provide graphs of what economic looks like to provide explanations of what economic growth means to individuals, business, and the government.

Key elements: Real GDP, Productivity, employment, and more.

How would you encourage economic growth?Explain how you would suggest that all the entities involved can promote economic growth.Show on graphs how this would occur.Explain the various elements that would impact economic growth.

Key elements: Investment, government spending and incentives, business productivity gains, human capital, and more.

What are the pitfalls of economic growth?Explain how elements in the economy might be difficult to change to grow economically.Explain how growth would be limited by certain mitigating factors.

Key elements: inflation, unemployment, the dark side of productivity and technology, and more

Be sure to review the rubric to see how the expectations of the project will be assessed.

You will submit your answers, along with any visuals, in a Word or Google docs format, the pictures inserted in the proper section.Please organize into the three required sections