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Econ Ch16 Economic Growth

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Dan Hess
Dan Hess
FormationTechnologieÉconomie & finance
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Chapter Economic Growth 16
Objective: ,[object Object]
Aggregate Supply ,[object Object],[object Object],[object Object]
Like the supply curves you studied in Chapter 5, it is determined, at least in part, by the desire of firms to earn a profit. That is why the graph shows output increasing as the price level rises.
Aggregate Demand ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Macroeconomic Equilibrium ,[object Object],[object Object],[object Object],[object Object]
Examining Economic Growth ,[object Object],[object Object],Have you ever ordered a pizza only to have a couple of hungry friends show up unexpectedly?
GDP & Population Growth ,[object Object],[object Object],[object Object]
Standard of Living ,[object Object],[object Object]
Comparing Standards of Living Suburban community in Niger, Africa Suburban community in the United States
Sources of Economic Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sources of Economic Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
R&D + Capital Investment = Economic Growth Tools wear out and depreciate Capital Investment: buy new tools Research & Development: Latest greatest tools Buy New, Improved Equipment: often before old ones wear out R&D Leads to Capital Investment
Review: Terms to Know ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Can You Answer? ,[object Object],[object Object],[object Object],[object Object]

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Econ Ch16 Economic Growth

  • 2.
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  • 4. Like the supply curves you studied in Chapter 5, it is determined, at least in part, by the desire of firms to earn a profit. That is why the graph shows output increasing as the price level rises.
  • 5.
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  • 11. Comparing Standards of Living Suburban community in Niger, Africa Suburban community in the United States
  • 12.
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  • 14. R&D + Capital Investment = Economic Growth Tools wear out and depreciate Capital Investment: buy new tools Research & Development: Latest greatest tools Buy New, Improved Equipment: often before old ones wear out R&D Leads to Capital Investment
  • 15.
  • 16.