Question
What are the three main sources for economic growth in any economy? Briefly explain what is meant by the term potential GDP, and identify the
What are the three main sources for economic growth in any economy?
Briefly explain what is meant by the term "potential GDP," and identify the alternative term that is considered to be synonymous from a macroeconomic perspective with "potential GDP."
How can increased investment help a country achieve increased economic growth? What are the costs involved?
If you compare the change in GDP to the change in per capita GDP, which would you expect to be larger? Why?
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Macroeconomics Principles, Problems, & Policies
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
20th Edition
0077660773, 9780077660772
