What are the main drivers of economic growth in real incomes per head? b) Why does a higher investment rate not lead to a permanent increase in the growth rate of real incomes per head? c) What have been the main benefits of economic growth over the past century or so?
What are the main drivers of economic growth in real incomes per head? b) Why does a higher investment rate not lead to a permanent increase in the growth rate of real incomes per head? c) What have been the main benefits of economic growth over the past century or so?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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a) What are the main drivers of
b) Why does a higher investment rate not lead to a permanent increase in the growth rate of real incomes per head?
c) What have been the main benefits of economic growth over the past century or so?
d) What are the potential negative effects of growth in recent decades and in the foreseeable future?
e) What is the “productivity puzzle” and how is it linked to economic growth?
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