Module Long-run Economic Growth KRUGMAN'S MACROECONOMICS for AP* 37 Margaret Ray and David Anderson.

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Module Long-run Economic Growth KRUGMAN'S MACROECONOMICS for AP* 37 Margaret Ray and David Anderson

What you will learn in this Module : How we measure long-run economic growth How real GDP has changed over time How real GDP varies across countries The sources of long-run economic growth How productivity is driven by physical capital, human capital, and technological progress

Real GDP per Capita Real GDP per Capita Real GDP per Capita Not a policy goal unto itself

Real GDP per Capita (Continued) Real GDP per Capita (Continued)

Growth Rates Growth Rates Rule of 70

The Sources of Long-Run Growth Labor productivity Explaining productivity growth Physical Capital Human Capital Technology