Презентация на тему Economic Growth

per capita over some time period
Percentage rate of growth
Growth

Approximate
number of years
required to double
real GDP

=

70

annual percentage rate
of growth

LO1

25-

fold
3.2% per year
Growth in U.S. real GDP

LO1

25-

late 1700s
Ongoing increases in living standards
Time for leisure
Social change
Democracy
Human

LO2

25-

main cause of worldwide differences in living standards
Catching up

LO2

25-

Real GDP Average annual
per capita,

United States $ 14,766 $42,887 2.3%
United Kingdom 11,257 32,181 2.3
France 9,347 29,663 2.5 Ireland 6,666 41,625 4.0
Japan 5,473 30,585 3.7
Singapore 4,149 44,619 5.2
Hong Kong 3,849 43,121 5.3
South Korea 1,765 23,850 5.7

Figures are in 2005 dollars

Source: Penn World Table version 6.3, pwt.econ.upenn.edu

LO2

25-

financial institutions
Literacy and widespread education
Free trade
Competitive market system
LO3
25-

of capital (30%)
Education and training (15%)
Economies of scale and

LO3

25-

per year 1995-2009
Affects real output, real income, and real

LO4

25-

increasing returns
More specialized inputs
Spreading of development costs
Simultaneous consumption
Network effects
Learning

LO4

25-

view
Environmental and resource issues
In defense of economic growth
Higher standard

LO5

25-

abundance
Results in higher standards of living
Increases leisure time
Allows for

LO5

25-