Presentation is loading. Please wait.

Presentation is loading. Please wait.

Stimulating Economic Growth

Published byBambang Hardja Modified over 5 years ago

Similar presentations

Presentation on theme: "Stimulating Economic Growth"— Presentation transcript:

1 Stimulating Economic Growth
Unit 12.3

2 What is Economic Growth?
Economic Wealth and the Wealth of Nations Farming Trade Productive capacity Real GDP per Capita

3 What Determines Economic Growth
Natural Resources Human Resources Capital Technology and Innovation

4 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

5

Download ppt "Stimulating Economic Growth"

Similar presentations

Copyright © 2011 Pearson Addison-Wesley. All rights reserved. Productivity, Output, and Employment Chapter 3.

Copyright © 2011 Pearson Addison-Wesley. All rights reserved. Productivity, Output, and Employment Chapter 3.
Virginia and the U.S. in the Global Economy

Virginia and the U.S. in the Global Economy
Productivity, Economic Growth, and Standard of Living

Productivity, Economic Growth, and Standard of Living
Economic Growth Why do we care about economic growth? What is economic growth? How do you think we can explain it? Productivity- The quantity of output.

Economic Growth Why do we care about economic growth? What is economic growth? How do you think we can explain it? Productivity- The quantity of output.
Ka-fu Wong © 2007 ECON1003: Analysis of Economic Data Supplement1-1 Supplement 1: Comparing the economic growth of China to other countries.

Ka-fu Wong © 2007 ECON1003: Analysis of Economic Data Supplement1-1 Supplement 1: Comparing the economic growth of China to other countries.
Table 9.2Trend in Real GDP per Capita and Productivity (annual rates) Growth in real GDPin output per capitaper worker hour Year (%) (%) 1960–1973 2.93.1.

Table 9.2Trend in Real GDP per Capita and Productivity (annual rates) Growth in real GDPin output per capitaper worker hour Year (%) (%) 1960–
Chapter 1 Why Study Money, Banking, and Financial Markets?

Chapter 1 Why Study Money, Banking, and Financial Markets?
Economic Growth In order for growth to occur, economic agents – producers and consumers – must have the appropriate incentives. Growth accounting focuses.

Economic Growth In order for growth to occur, economic agents – producers and consumers – must have the appropriate incentives. Growth accounting focuses.
AP Economics Mr. Bernstein Module 37: Long Run Economic Growth March 30, 2015.

AP Economics Mr. Bernstein Module 37: Long Run Economic Growth March 30, 2015.
The Free Market.  What is a Market?  Market - an arrangement that allows buyers and sellers to exchange things.  What is a Market?  Market - an arrangement.

The Free Market.  What is a Market?  Market - an arrangement that allows buyers and sellers to exchange things.  What is a Market?  Market - an arrangement.
CONTEMPORARY ECONOMICS© Thomson South-Western 12.2Living Standards and Labor Productivity Growth  Explain why there is such a large difference among countries.

CONTEMPORARY ECONOMICS© Thomson South-Western 12.2Living Standards and Labor Productivity Growth  Explain why there is such a large difference among countries.
Economic Growth US Growth over time. Growth 1994-2004 saw a 38% growth in real GDP As populations grow GDP must also Real GDP per capita- real GDP divided.

Economic Growth US Growth over time. Growth saw a 38% growth in real GDP As populations grow GDP must also Real GDP per capita- real GDP divided.
Productivity Investment, economic growth, and standard of living.

Productivity Investment, economic growth, and standard of living.
Glossary of Key Terms asset. An item of value that a person owns, such as cash, stocks, bonds, real estate, and personal possessions. durable goods. Products.

Glossary of Key Terms asset. An item of value that a person owns, such as cash, stocks, bonds, real estate, and personal possessions. durable goods. Products.
Economic Growth 8 McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Economic Growth 8 McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
1 Defining Economic Growth Economic growth: an increase in Real GDP. Small changes in rates of growth  Big changes over many years Compound Growth Rule.

1 Defining Economic Growth Economic growth: an increase in Real GDP. Small changes in rates of growth  Big changes over many years Compound Growth Rule.
ECONOMIC GROWTH Part II. II. PRODUCTIVITY AND ECONOMIC GROWTH.

ECONOMIC GROWTH Part II. II. PRODUCTIVITY AND ECONOMIC GROWTH.
Economic Growth Chapter 13, Section 4. Measuring Growth (pg. 364, Figure 13.9) Real GDP = economic growth in the short term Real GDP per capita =

Economic Growth Chapter 13, Section 4. Measuring Growth (pg. 364, Figure 13.9) Real GDP = economic growth in the short term Real GDP per capita =
Chapter 8: Incantations and ICTs: A Global Ideological Pervasion ICT S ROLE IN CONSUMPTION AND GLOBALIZATION CAPITALIST OR MARKET BASED VALUES.

Chapter 8: Incantations and ICTs: A Global Ideological Pervasion ICT S ROLE IN CONSUMPTION AND GLOBALIZATION CAPITALIST OR MARKET BASED VALUES.
Chapter 12: Gross Domestic Product and Growth Section 3

Chapter 12: Gross Domestic Product and Growth Section 3

Similar presentations

Ads by Google