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The Big Questions of Economic Growth

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Presentation on theme: "The Big Questions of Economic Growth"— Presentation transcript:

1 The Big Questions of Economic Growth
Chapter 11 The Big Questions of Economic Growth

2 Figure 11-1 Saving, Investment, and Capital per Hour in Long-Run Equilibrium for a Poor Nation
Copyright © 2003 by Pearson Education, Inc.

3 Figure 11-2 Output per Hour of Rich and Poor Nations During the Period of Convergence
Copyright © 2003 by Pearson Education, Inc.

4 Figure Output per Worker Relative to the United States in 1960 and the Growth of Output per Worker, 1960–90 Copyright © 2003 by Pearson Education, Inc.

5 Figure 11-4 The Effect of a Low Saving Rate or High Rate of Population Growth on Output per Worker
Copyright © 2003 by Pearson Education, Inc.

6 Figure 11-5 Share of Investment in GDP and Output per Worker as a Percentage of the U.S. Level
Copyright © 2003 by Pearson Education, Inc.

7 Figure Output per Worker Relative to the United States and Educational Attainment Measured as Years of Schooling Copyright © 2003 by Pearson Education, Inc.

8 Figure 11-7 U.S. Output per Hour in 2001 Dollars Compared with its 1948–73 Trend Extended to 2002
Copyright © 2003 by Pearson Education, Inc.

9 Figure The Effect on the Labor Market of an Adverse Productivity Shock and a Downward Shift in Labor Supply

10 Figure 11-9 Four-Quarter Growth Rate of U. S
Figure Four-Quarter Growth Rate of U.S. Output per Hour, 1973–2002


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