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Module Productivity and Growth

38. Module Productivity and Growth. KRUGMAN'S MACROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. How changes in productivity are illustrated using an aggregate production function

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Module Productivity and Growth

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  1. 38 ModuleProductivityand Growth • KRUGMAN'S • MACROECONOMICS for AP* Margaret Ray and David Anderson

  2. What you will learnin thisModule: • How changes in productivity are illustrated using an aggregate production function • How growth has varied among several important regions of the world and why the convergence hypothesis applies to economically advanced countries

  3. Accounting for Growth: The Aggregate Production Function • Aggregate Production Function • Diminishing Returns to Physical Capital • Growth Accounting • Total Factor Productivity

  4. Accounting for Growth: The Aggregate Production Function

  5. What About Natural Resources? • Other things equal, more natural resources leads to higher GDP per capita • Other things are often NOT equal • Malthus

  6. Success, Disappointment, and Failure • East Asia’s Miracle • convergence hypothesis • Latin America’s Disappointment • Africa’s Troubles

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