1. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 11 The Big Questions of Economic Growth

2. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-2 Figure 11-1 Saving, Investment, and Capital Per Hour in Long-run Equilibrium for a Poor Nation

3. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-3 Figure 11-2 Output Per Hour of Rich and Poor Nations During the Period of Convergence

4. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-4 Figure 11-3 Output Per Worker Relative to the United States in 1960 and the Growth of Output Per Person, 1960–2000

5. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-5 Table 11-1 Examples of Countries Displaying Convergence, Anti-convergence, or Neither (Levels and Growth Rates in Percent)

6. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-6 Figure 11-4 The Effect of a Low Saving Rate or High Rate of Population Growth on Output Per Person

7. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-7 Figure 11-5 Growth Rate of Labor Productivity in the United States, 1960–2004

8. Figure 11-6 The Effect on the Labor Market of an Adverse Productivity Shock and a Downward Shift in Labor Supply

9. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11-9 Figure 11-7 Level of Labor Productivity in Europe and the United States, 1970–2004