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Ch 10: Economic Growth and Productivity: Tutoring Solution

About This Chapter

The Economic Growth and Productivity chapter of this College Macroeconomics Tutoring Solution is a flexible and affordable path to learning about economic growth and productivity. These simple and fun video lessons are each about five minutes long and they teach all of the economic growth and productivity operations required in a typical college macroeconomics course.

How it works:

  • Begin your assignment or other macroeconomics work.
  • Identify the economic growth and productivity concepts that you're stuck on.
  • Find fun videos on the topics you need to understand.
  • Press play, watch and learn!
  • Complete the quizzes to test your understanding.
  • As needed, submit a question to one of our instructors for personalized support.

Who's it for?

This chapter of our college macroeconomics tutoring solution will benefit any student who is trying to learn about economic growth and productivity and earn better grades. This resource can help students including those who:

  • Struggle with understanding methods for raising a nation's potential output, human capital's effect on productivity, growth policies, physical capital or any other economic growth and productivity topic
  • Have limited time for studying
  • Want a cost effective way to supplement their economics learning
  • Prefer learning economics visually
  • Find themselves failing or close to failing their economic growth and productivity unit
  • Cope with ADD or ADHD
  • Want to get ahead in macroeconomics
  • Don't have access to their economics teacher outside of class

Why it works:

  • Engaging Tutors: We make learning about economic growth and productivity simple and fun.
  • Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
  • Consistent High Quality: Unlike a live economics tutor, these video lessons are thoroughly reviewed.
  • Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn about economic growth and productivity on the go!
  • Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.

Learning Objectives

  • Explain how the nation's potential output can be raised.
  • Learn how the standard of living is affected by real GDP per capita.
  • Discuss the factors that affect productivity.
  • Describe how human capital affects productivity.
  • Understand how productivity is affected by physical capital.
  • Explain how technology affects productivity.
  • Take a look at policies that promote growth in economic productivity.

9 Lessons in Chapter 10: Economic Growth and Productivity: Tutoring Solution
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.

Voluntary Exchange: Definition, Principle, Model & Examples

8. Voluntary Exchange: Definition, Principle, Model & Examples

This lesson discusses the voluntary exchanges which occur in our lives almost every day. It discusses the importance of voluntary exchanges to the economy by presenting key definitions, the model, and relevant examples.

What was the Great Recession? - Timeline, Facts, Causes & Effects

9. What was the Great Recession? - Timeline, Facts, Causes & Effects

Beginning in 2007 and through 2009, the world economy was in turmoil. In this lesson, you'll learn about the Great Recession; why it happened, the events that made it worse, and what it meant to the United States and the world.

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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