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Ch 10: Economic Growth and Productivity: Help and Review

About This Chapter

The Economic Growth and Productivity chapter of this College-Level Principles of Macroeconomics Help and Review course is the simplest way to master economic growth and productivity. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of economic growth and productivity.

Who's it for?

Anyone who needs help learning or mastering college macroeconomics material will benefit from taking this course. There is no faster or easier way to learn college macroeconomics. Among those who would benefit are:

  • Students who have fallen behind in understanding economic growth or working with real gross domestic product
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning economics (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about economic growth and productivity
  • Students who struggle to understand their teachers
  • Students who attend schools without extra economics learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Economic Growth and Productivity chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Economic Growth and Productivity chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any economic growth and productivity question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in an Economic Growth and Productivity unit of a standard college-level principles of macroeconomics course. Topics covered include:

  • Factors affecting productivity
  • Investment in human capital and productivity
  • Physical capital and its effects on productivity
  • Growth policy and economic productivity

16 Lessons in Chapter 10: Economic Growth and Productivity: Help and Review
Test your knowledge with a 30-question chapter practice test
Economic Growth: How to Raise a Nation's Potential Output

1. Economic Growth: How to Raise a Nation's Potential Output

Learn the truth about long run economic growth, including how economists define and illustrate an increase in the potential output of a nation through change in real GDP.

How Real GDP per Capita Affects the Standard of Living

2. How Real GDP per Capita Affects the Standard of Living

Have you ever wondered why some countries are better off than others? In this lesson, explore the concept of real GDP per capita, an economic measure of a nation's standard of living, and discover how population, productivity, and the savings rate effect the standard of living.

Productivity: The Economy's Long-Run Growth Engine

3. Productivity: The Economy's Long-Run Growth Engine

Using real-world examples, you'll learn more about what productivity is and four things that determine it within a nation - physical capital, technology, human capital, and natural resources.

Investment in Human Capital and Productivity

4. Investment in Human Capital and Productivity

This lesson explores the education, knowledge and skills of the labor force - what economists call human capital - including how it affects productivity and economic output.

Physical Capital: Definition and Effects on Productivity

5. Physical Capital: Definition and Effects on Productivity

This lesson explains what physical capital is and why it's important to an economy. Using real-world examples, you'll see how it relates to the process of producing goods and services, which is a major foundation of economic growth.

How Technology, Research & Development Affect Productivity

6. How Technology, Research & Development Affect Productivity

Economists consider productivity to be a nation's long-run growth engine. This lesson explores the connection between technology, research & development, and productivity, using real-world examples.

Growth Policy and Economic Productivity

7. Growth Policy and Economic Productivity

What do savings accounts and promoting education have to do with helping the economy to grow? In this lesson, we will explore government policies that help promote higher long-run economic growth.

Law of Diminishing Returns: Definition & Examples

8. Law of Diminishing Returns: Definition & Examples

How does a farmer determine how much fertilizer to use? How many baristas are needed in a cafe? In this lesson, you will learn how the law of diminishing returns impacts expected output per unit of input.

Normative Economic Statement: Definition & Example

9. Normative Economic Statement: Definition & Example

In this lesson we will explore the term 'normative economic statement'. We will compare and contrast normative and positive statements. We will then look at examples and provide a summary. The lesson will conclude with a quiz.

The Advance-Decline Line Chart: Definition & Uses

10. The Advance-Decline Line Chart: Definition & Uses

The overall state of the stock market can be seen with the advance-decline chart. This lesson will define the chart and describe real-world uses for analyzing the chart.

Total Revenue in Economics: Definition & Formula

11. Total Revenue in Economics: Definition & Formula

Learn what total revenue is and why it is important to understand. Discover the formula to calculate total revenue and find out how you can maximize your total revenue in business.

What is Economic Recession? - Definition, Causes & Effects

12. What is Economic Recession? - Definition, Causes & Effects

A recession is a general downturn in any economy. A recession is associated with high unemployment, slowing gross domestic product, and high inflation.

Surplus in Economics: Definition & Overview

13. Surplus in Economics: Definition & Overview

A surplus is often a good thing in economics. In this lesson, you'll learn what an economic surplus is and some related concepts. You'll also have a chance to reinforce your knowledge with a short quiz after the lesson.

Bond Convexity: Definition, Formula & Examples

14. Bond Convexity: Definition, Formula & Examples

In this lesson, you will learn about bond convexity. You'll learn the definition, formula and how to calculate convexity and the convexity adjustment, which is used to calculate the bond price changes.

Cost of Common Equity: Definition & Formula

15. Cost of Common Equity: Definition & Formula

To remain attractive to investors and shareholders, a company must be able to determine and deliver on their return expectations. In this lesson, we take a close look at how the expected return can be calculated and used.

Clawback Provision: Definition & Example

16. Clawback Provision: Definition & Example

In this lesson, we'll discuss the clawback provision, which requires employees to return earnings under certain conditions. You may have heard about clawbacks since the financial crisis of 2008. They have become a popular form of making management and other employees more responsible for their actions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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