1. 9 THE REAL ECONOMY IN THE LONG RUN 2. 25 Production and Growth 3. Production and Growth A country’s standard of living depends on its ability to produce goods and services.…

Slide 1Winter Semester 2011Alexander Fink, Institut für Wirtschaftspolitik1 Universität Leipzig Introduction to Economics Lecture 8: Growth Alexander Fink, PhD Slide 2…

Slide 1THE REAL ECONOMY IN THE LONG RUN Slide 2 Copyright © 2004 South-Western 12 Production and Growth Slide 3 Copyright © 2004 South-Western Production and Growth A countrys…

Slide 19 THE REAL ECONOMY IN THE LONG RUN Slide 2 Copyright © 2004 South-Western 25 Production and Growth Slide 3 Copyright © 2004 South-Western Production and Growth A…

Review of the previous lecture The financial system is made up of financial institutions such as the bond market, the stock market, banks, and mutual funds. All these institutions…

Slide 1 Production and Growth A country’s standard of living depends on its ability to produce goods and services. Within a country there are large changes in the standard…

Slide 1 9 THE REAL ECONOMY IN THE LONG RUN Slide 2 Copyright © 2004 South-Western 25 Production and Growth Framleiðsla og hagvöxtur Slide 3 Copyright © 2004 South-Western…

Slide 1 12 Production and Growth Slide 2 A country’s standard of living depends on its ability to produce goods and services. Slide 3 Production and Growth ProductivityProductivity…

Slide 1 Production and Growth Chapter 7 Slide 2 Learning Objectives u See how economic growth differs around the world u Consider why productivity is the key determinant…

Slide 1 Production and Growth Week-2 1Pengantar Ekonomi 2 Slide 2 Production and Growth A country’s standard of living depends on its ability to produce goods and services.…