Economics (McConnell) AP Edition, 19th EditionChapter 25:
Economic GrowthThe content of this chapter may be included on the AP* Macroeconomics and Microeconomics exam. After reading this chapter, you should be able to: - List two ways that economic growth is measured.
- Define "modern economic growth" and explain the institutional structures needed for an economy to experience it.
- Identify the general supply, demand, and efficiency forces that give rise to economic growth.
- Describe "growth accounting" and the specific factors accounting for economic growth in the United States.
- Explain why the trend rate of U.S. productivity growth has increased since the earlier 1973-1995 period.
- Discuss differing perspectives as to whether growth is desirable and sustainable.
AP Chapter 25 Introduction
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