How does economics measure productivity? Why is productivity the
key to long-run economic growth? How is productivity driven by
physical capital, human capital and technological progress
how
does the productivity of the U.S realte to other countries?
why is our productivity at the persistent levels compared to
other countries?
how does the u.s productivity affect you personally?
Why economic growth differs among countries?
Why productivity is considered to be the key determinant of a
country’s standard of living?
List two factors that determine a country’s productivity.
List two policies that can influence a country’s its
productivity and growth?
How does endogenous growth theories explain that one should not expect growth in
Labor productivity converges towards a common growth rate without the contrary
can expect permanent differences in growth rates between countries?
Explain why productivity growth, saving and new technologies are
crucial for maintaining economic growth.
Describe how immigration and property rights influence economic
growth
A.What is the labour productivity and how does it relate to long
run economic growth?
B. Assuming that the legal system is already efficient at
enforcing property rights and contracts what two factors can
increases labour productivity?
C.Based on your answer to questions A and B in the medium to
long term would it be efficient for the government to increase
expenditure on the university sector (assuming the money will be
spent on teaching and research)?
also show diagrams