‘There are both a demand side and a supply side to...

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Macroeconomics for Today
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Chapter 20 / Exercise 1
Macroeconomics for Today
Tucker
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ECC1100 S2 2016 Week 12 Tutorial 1. ‘There are both a demand side and a supply side to economic growth.’ Explain. Illustrate the operation of both sets of factors in terms of the production possibilities curve.
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2. If Explain the changes in real GDP and real GDP per capita due to following factors. Note the role of diminishing returns in each case.
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Macroeconomics for Today
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Chapter 20 / Exercise 1
Macroeconomics for Today
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