(a) Identify the factors which are the drivers behind a countries rate of growth. Describe the relevance of each of them in having an effect the growth rate of an economy.(b) Describe the measures that a country can take to improve a countries long term potential growth rate. (a) Identify the factors which are the drivers behind a countries rate of growth. Describethe relevance of each of them in having an effect the growth rate of an economy.e(b) Describe the measures that a country can take to improve a countries long tempotential growth rate.

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(a) Identify the factors which are the drivers behind a countries rate of growth. Describe the relevance of each of them in having an effect the growth rate of an economy.

(b) Describe the measures that a country can take to improve a countries long term potential growth rate.

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