ec-7 - Chapter 9 Keys to Economic Growth Chapter Outline...

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Keys to Economic Growth Chapter 9
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Chapter Outline What is Economic Growth? Economic Growth: Pros and Cons Economic Growth Rates The Five Keys to Economic Growth Property Rights and Entrepreneurship Economic Stages & Development
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What is Economic Growth? Annual Output of Agricultural Goods Annual Output of Manufactured Goods 2000 Distance of shift represents an Figure 9-1 2025
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What is Economic Growth? Economic Growth Increase in per capita real GDP measured by its rate of change per year
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Economic Growth: Pros and Cons Is economic growth bad? There are costs along with benefits of economic growth.
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Economic Growth Rates The importance of growth rates Do we need to worry about small differences in the economic growth rate?
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Economic Growth Rates GDP in 50 years at various growth rates starting at $1 trillion (1971) 3% 4% 5% $4.38 trillion $7.11 trillion $11.5 trillion
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Economic Growth Rates Who wants to be a Millionaire??
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