Ebook Macroeconomics (3rd edition): Part 2
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Ebook Macroeconomics (3rd edition): Part 2
Find more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2 oramđ Hie World, page 304Defoe oconomc growth, cdculate economic growth rates, and desert)® gobol trends in economic growth10 J What Dctermftiei How Fo»t Economies Grow?page 308Use me economic growih model to explain why growth rates dffer across countries10.3Economic Growth In Hie United States, p Ebook Macroeconomics (3rd edition): Part 2age 315Dtscuss fluctuations in productivity gowth In the United Slates10.4WHY ta t rhe Whole World Rich? page 319Explain economic catch-ip and dscussEbook Macroeconomics (3rd edition): Part 2
why many poor coưitries have not experienced rapid economic gowth.10.5Growth Poldes. page 326Discuss government polices that tos'er economic gowlh» GoFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2ues exceeding $21 billion. But Google encountered problems when expanding into China in 2006. The Chinese government lias insisted on regulating how people in that country access the Internet. In setting up Google.cn, Google had to agree to block searches of sensitive topics, such as the 1989 pro-de Ebook Macroeconomics (3rd edition): Part 2mocracy demonstrations i n Tiananmen Square. In 2009, Google ran into further problems as the Chinese government insisted that it stop showing some reEbook Macroeconomics (3rd edition): Part 2
sults from foreign Web sites.Google’s problems highlight one of the paradoxes of China in recent years: very rapid economic growth occurring in the coFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2te 1970s, the government controlled production, and the country experienced very little economic growth. China moved away from a cen! rally planned economy in 1978, and real GDP per capita grew at a rateof 6.5 percent per year between 1979 and 1995; it grew at the white-hot rate of more than 9 perce Ebook Macroeconomics (3rd edition): Part 2nt per year between 1996 and 2008. These rapid growth rates have transformed the Chinese economy: Real GDP per capita today is 10 times higher than itEbook Macroeconomics (3rd edition): Part 2
was 50 years ago.But, as the experience of Google has shown, China is not a democracy, and the Chinese government has failed to fully establish the rFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2conomy because without the rule of law, entrepreneurs cannot folfill their role in the market system of bringing together the factors of production—labor, capital, and natural resources—to produce goods and services.For a discussion of the Chinese government’s attempts to spur economic growth throug Ebook Macroeconomics (3rd edition): Part 2h higher investment spending, read AN INSIDE LOOK AT POLICY on page 330.Sources. Aaron Back ard Jessica L Vascefero. ■ctina Orders Goo^e to Hatt LrtsEbook Macroeconomics (3rd edition): Part 2
» Some Foreign Steel* *3’ Street Journal.Economics in YOUR LIFE!Would You Be Better Off without Chino?Suppose that you could choose to live and work iFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2ch world would you choose to live in? How does the current high-growth, high-export Chinese economy affect you as a consumer? How does it affect you as someone about to start a career? As you read the chapter, see if you can answer these questions. You can check your answers against those we provide Ebook Macroeconomics (3rd edition): Part 2 at the end of the chapter.► Continued on pogo 32«303_ _______,______Find more at www.dpwnloadslide.ci304 p A R T 3 Macroeconomic Foundations and LongEbook Macroeconomics (3rd edition): Part 2
-Rin GrowthEconomic growth is not inevitable. For most of human history, no sustained increases in output per capita occurred, and, in the words of thFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2ial Revolution in England in the late eighteenth century. From there, economic growth spread to the United States, Canada, and the countries of western Europe. Following World War II, rapid economic growth also began in Japan and, eventually, in several other Asian countries, but the economies of ma Ebook Macroeconomics (3rd edition): Part 2ny other countries stagnated, leaving their people mired in poverty.Real GDP per capita is the best measure of a country’s standard of living becauseEbook Macroeconomics (3rd edition): Part 2
it represents the ability of the average person to buy goods and services. Economic growth occurs when real GDP per capita increases. Why have countriFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2apidly? Why have countries such as Argentina, which at one time had relatively high standards of living, failed to keep pace? Why was the Soviet Union unable to sustain the rapid growth rates of its early years? Why are some countries that were very poor at the beginning of the twentieth century sti Ebook Macroeconomics (3rd edition): Part 2ll very poor today? And why have some countries, such as South Korea and Japan, that once were very poor now become much richer? What explains China’sEbook Macroeconomics (3rd edition): Part 2
very rapid recent growth rates? In thischapter, we will develop a model of economic growth that helps US answer these important questions.10.1 LEARNIFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Ebook Macroeconomics (3rd edition): Part 2 the WorldYou live in a world that is very different from the world when your grandparents were young. You can listen to music on an iPod that fits in your pocket; your grandparents played vinyl records on large stereo systems. You can pick up a cell phone or send a text message to someone in anothe Ebook Macroeconomics (3rd edition): Part 2r city, state, or country; your grandparents mailed letters that took days or weeks to arrive. More importantly, you have access to health care and meEbook Macroeconomics (3rd edition): Part 2
dicines that have prolonged life and improved its quality. In many poorer countries, however, people endure grinding poverty and have only the bare neFind more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time and Find more at www.d' CHAPTER ] 0Long-Run EconomicGrowth: Sources and PoliciesChapter Outline and Learning Objectives10.1 Economic Growth over Time andGọi ngay
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