Lecture Economics of social issues - Chapter 11: Economic growth: Why is the economic road so bumpy?
Lecture Economics of social issues - Chapter 11: Economic growth: Why is the economic road so bumpy?
Any change in the growth rate of the economy will have a great influence on the level of economic activity and per capita real GDP in the future. Public policies can be designed that enhance the determinants of economic growth identified in this chapter. By increasing the rate of economic growth, we can improve our own future standard of living.