- 1、本文档共48页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
25 Production and Growth Production and Growth A country’s standard of living depends on its ability to produce goods and services. Production and Growth Within a country there are large changes in the standard of living over time. Production and Growth In the United States over the past century, average income as measured by real GDP per person has grown by about 2 percent per year. Production and Growth Productivity refers to the amount of goods and services produced for each hour of a worker’s time. A nation’s standard of living is determined by the productivity of its workers. Table 1 The Variety of Growth Experiences ECONOMIC GROWTH AROUND THE WORLD Living standards, as measured by real GDP per person, vary significantly among nations. ECONOMIC GROWTH AROUND THE WORLD The poorest countries have average levels of income that have not been seen in the United States for many decades. ECONOMIC GROWTH AROUND THE WORLD Annual growth rates that seem small become large when compounded for many years. Compounding refers to the accumulation of a growth rate over a period of time. PRODUCTIVITY: ITS ROLE AND DETERMINANTS Productivity plays a key role in determining living standards for all nations in the world. Why Productivity Is So Important Productivity refers to the amount of goods and services that a worker can produce from each hour of work. Why Productivity Is So Important To understand the large differences in living standards across countries, we must focus on the production of goods and services. How Productivity Is Determined The inputs used to produce goods and services are called the factors of production. The factors of production directly determine productivity. How Productivity Is Determined The Factors of Production Physical capital Human capital Natural resources Technological knowledge How Productivity Is Determined Physical Capital is a produced factor of production. It is an input into the production process that in the past was an output from the p
您可能关注的文档
最近下载
- 2024年上海市普通高校招生本科艺术甲批次平行段院校专业组投档分数线美术与设计类.pdf VIP
- 2024入团共青团基础知识题库(含答案).docx
- 2024年在线网课学习课堂《健康管理科研思维训练(杭州师大 )》单元测试考核答案.pdf
- 2024年中国河南国际合作集团有限公司人员招聘考试题库及答案解析.docx
- 《骆驼祥子》读书分享PPT课件(精选图文).pptx
- 汉长安城遗址总体规划.pptx
- 欠钱不还的法院起诉书.docx VIP
- GB-T 10125-2012 人造气氛腐蚀试验 盐雾试验.pdf
- 新人教版七年级上册生物全册教案(2024年秋季新版教材).docx
- pcs-9651_080885技术和使用说明书.pdf
文档评论(0)