Economics (McConnell), AP* Edition, 20th EditionChapter 26:
Economic GrowthAfter studying this chapter, you should be able to: LO 26.1 | List two ways that economic growth is measured. | LO 26.2 | Define "modern economic growth" and explain the institutional structures needed for an economy to experience it. | LO 26.3 | Identify the general supply, demand, and efficiency forces that give rise to economic growth. | LO 26.4 | Describe "growth accounting" and the specific factors accounting for economic growth in the United States. | LO 26.5 | Explain why the trend rate of U.S. productivity growth has increased since the earlier 19731995 period. | LO 26.6 | Discuss differing perspectives as to whether growth is desirable and sustainable. |
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