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2. List and describe four determinants of productivity.

7. How does the rate of population growth influence the level of GDP per person?

8. International date show a positive correlation between income per person and the health of the population


9. International date show a positive correlation between political stability and economic growth

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CHAPTER 25 - QUESTION FOR REVIEW
경제학원론Ⅱ
2. List and describe four determinants of productivity.
The first
Physical Capital per Worker the stock of equipment and structures that are used to produce goods and services.
The second
Human Capital per Worker workers acquire through education, training, and experience.
Technological Knowledge society’s understanding of the best ways to produce goods and services.
The fourth
The third
Natural Resources per Worker the inputs into the production of goods and services that are provided by nature, such as land, rivers, and mineral deposits.
7. How does the rate of population growth influence the level of GDP per person?
High population growth reduces GDP per worker because rapid growth in the number of worke



CHAPTER 25 PROBLEMS AND APPLICATIONS
8. International date show a positive correlation between income per person and the health of the population.
Wealth countries are healthy in part because their populations are healthy, and their populations are healthy in part because they are wealth and can afford adequate healthcare and nutrition.
Explain how higher income might cause better health outcomes.
Policies that lead to more rapid economics growth would naturally improve health outcomes, which in turn would father promote economic growth.

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