MACROECONOMICS CHAPTER 17 & 18

1.Key Idea: Economic Growth Rates Matter

a.Define absolute real economic growth

b.Define per-capita real economic growth

c.Explain why economic growth rates matter

2.Key Idea: Several Factors Affect Economic Growth

a.List the factors that affect economic growth

3.What do interest rates and the tax treatment of the returns to capital have to do with economic growth?

4.Some property rights structures provide more and stronger incentives to produce goods and services than other such structures do. Do you agree or disagree with this statement? Explain.

5.Not all economists are agreed as to whether government should bail out companies in financial problems. Explain.

6.What do the values of the government spending and tax multipliers have to do with getting the biggest bank for the buck?