What is Economic Growth
Economic Growth Rate
Economic Growth Rate formula
What does the Growth Rate show us about the economy
The standard of living depends on what
Formula for Real GDP per person
How much does Real GDP Growth contribute to the Standard of living
The Standard of living rises when
What happens when the population grows quicker than the Real GDP
Growth Rate of Real GDP per Person Formula
Standard of living can only grow when
The Magic of Sustained Growth
Rule of 70
Formula for Rule of 70
What increases the Standard of Living
Labor Productivity
Formula for Labor Productivity
What happens when Labor Productivity increaes
The Growth of Labor Productivity depends on what two things
Saving and Investment on Physical Capital
Law of Diminishing Returns
What doesn't get affected by the law of diminishing returns
What are three ways to expand Human Capital
Education (Human Capital)
Job Experience (Human Capital)
Health and Diet (Human Capital)
Discovery of New Technologies
What has made a bigger contribution? Tech or Human and Physical Capital
What does tech have to do to reap the benefits
What are the two reasons that Real GDP increases
What are factors of Labor Growth
Factors for Labor Productivity Growth
Classical Growth Theory
What is the Malthusian Theory
New Growth Theory
What are the three facts of market economies that are emphasized in New Growth Theory
Human Capital (New Growth Theory)
Discoveries and Choices (New Growth Theory)
Discovery brings Profit (New Growth Theory)
Perpetual Motion
Is perpetual motion a diagram. T or F
