Economics

Economics

Economic growth

a) China has had a much faster growth rate than America for the past 30 years. However, in terms of GDP per capita, they might not ever catch up (or maybe they will). Comment on this and in your answer use the factors of growth that chapters 12 and 13 discuss.

b) It has been said that America has adapted an economic policy where we wait around for the next technological advancement. During this time our gdp growth rate increases. When we are in between periods of technological discoveries our gdp growth rate slows down. What could we do to ensure more constant economic growth.

c) Is technology responsible for destroying jobs. Think about your own life and the economy around you. How many jobs do you see that have been replaced by technology. Are there as many job opportunities as in your parents day. Discuss (refer to pages 273 – 276).

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Pearson276.pdf
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Pearson275.pdf
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Pearson273.pdf
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Pearson274.pdf

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