ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 12: Production and Growth

Consider the following as you read:

1. Consider how to describe the four determinants of productivity.
2. Consider how to explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
3. Consider how the rate of population growth influences the level of GDP per person.