Unit 2: Introduction to Macroeconomics

Lesson 8a: Economic Growth

Key Terms

 

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Key Terms:

economic growth, increasing the potential, achieving the potential, GDP per capita, rule of 70, productivity, production, productive efficiency, modern economic growth, the great divergence, leader countries, follower countries, property rights, patents and copyrights, simultaneous consumption, network effects, labor force participation, infrastructure, human capital, economies of scale

 

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Lesson 8a