Standards of living in the long run are determined by rates of investment inphysical and human capital, average hours worked per person, the economy’s stock oftechnology and knowledge, and how productively the economy uses these inputs.
Standards of living in the long run are determined by rates of investment inphysical and human capital, average hours worked per person, the economy’s stock oftechnology and knowledge, and how productively the economy uses these inputs.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Standards of living in the long run are determined by rates of investment in
physical and human capital, average hours worked per person, the economy’s stock of
technology and knowledge, and how productively the economy uses these inputs.
Expert Solution
Step 1
Over the decades as well as generations, which used to have the small difference of few percentages points in an annual rate of an economic growth by making an enormous difference in the Gross Domestic Product (GDP) per capita. In this module, we used to discuss some important components of an economic growth, physical and human capital, technology, average hours used to work per person, and also technology.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education