Please complete the following:

1. What are some institutions or factors in a nation that will encourage economic growth? What are some institutions or factors in a nation that might lead to slower growth or an economy shrinking?
2. The textbook defines economic growth as GDP (per capita) growing over time. Some economists argue that this definition of growth is not the best way to measure whether or not a country's well-being is improving. Instead of looking at GDP or income, what are key variables in a country you would want to look at to determine if this country is actually better off over time (for example, life expectancy increasing over time--don't use life expectancy as your answer)?