|
|
Teaching Resources
Need this resource for a different chapter? Use the pulldown menu above to get
right to it.
EconActive Solutions (CNN News Questions)
Chapter 28: Sustainable Growth Rate: Eg1m04v1
- What is the statistic used to measure a non-inflationary growth rate?
- Name some reasons why the U.S. growth rate has slowed.
- Will computers eventually raise productivity, and thereby, economic growth?
Answers:
- Could be growth in real GDP over time or growth in real GDP per capita over time.
- The United States grew quickly from the 1960s to the 1980s as a higher percentage of women entered the labor force. That has leveled off. We have also moved more toward a service economy (and away from manufacturing) where gains in productivity seem to be slower.
- Recent news articles have suggested that computers have indeed contributed greatly to this low inflation/high growth time. They seem to have finally allowed large gains in productivity such that companies have maintained low costs and have not had to raise their prices.
Copyright ©, Harcourt College Publishers, A Harcourt Higher Learning Company. Read our Privacy Policy. All rights reserved. For problems or suggestions concerning this service, please contact the webmaster.
|
