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the four major determinants of growth in real output are: increases in the labour force, increases in the stock of physical capital, increases in
the four major determinants of growth in real output are: increases in the labour force, increases in the stock of physical capital, increases in human capital, and improvements in technology. d. For each of the four determinants, give an example of a government policy that is likely to increase growth. e. Discuss the likely cost associated with each policy. f. Does one of your proposed policies appear better (in a cost-benefit sense) than the others? Explain.
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d Government policies that can increase growth for each of the four determinants are as follows 1 Increases in the labour force The government can imp...Get Instant Access to Expert-Tailored Solutions
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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