🡸 Chapter 6      Navigate…      Chapter 8 🡺

Chapter 7 – Production and Growth

This chapter discusses:

  • The 3 steps for determining long-term real GDP
  • Productivity
  • Physical capital per worker
  • Human capital per worker
  • National resources per worker
  • Technological knowledge
  • The Production Function
  • Economic growth and public policy
  • Catch-up effect
  • Brain-drain

7-17-27-37-47-5

🡸 Chapter 6      Navigate…      Chapter 8 🡺

Find more Macroeconomics Notes here.

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