Economics (McConnell), 18th Edition

Chapter 25: Economic Growth

IN THIS CHAPTER YOU WILL LEARN:

1. About the institutional structures an economy needs if it is to experience "modern economic growth" and ongoing increases in standards of living.



2. About "growth accounting" and the specific factors to which changes in growth rates can be attributed.



3. Why U.S. productivity growth has accelerated since the mid-1990s.



4. About differing perspectives on whether growth is desirable and sustainable.