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Stimulating Economic Growth
Unit 12.3
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What is Economic Growth?
Economic Wealth and the Wealth of Nations Farming Trade Productive capacity Real GDP per Capita
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What Determines Economic Growth
Natural Resources Human Resources Capital Technology and Innovation
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Measuring Productivity
Output per person Multifactor Productivity Ration between labor and capital inputs and economic output Factor contributing to Productivity Quality of Labor Technological Innovation Energy Costs Financial Markets Money where it is needed, when it is needed Productivity and Growth
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