AB 204 Unit 6 Economic Growth and Loanable Funds Market – Discussion

AB 204 Unit 6: Economic Growth and Loanable Funds Market – Discussion

General Information:

To be an effective learning tool the Discussion Board topics require your active discussion of the topic with at least two of your classmates.

First post made during, or before, Saturday.

Posts on at least 3 different days.

Responses to at least two other classmates.

Substantive posts that stimulate further active discussion, posts that accurately reflects the learning, that are logical, and clearly presented with correct spelling, word usage, and grammar.

To be counted as a substantial post, your main post to the Discussion topics should be at least 200 words per Discussion topic.

Long Term Economic Growth

The Discussion topics focus on the long term economic growth, and the specific discussion areas measuring economic growth, natural resources and economic growth, the role of government and the roles of saving, investment and financial system in economic growth.

Respond to two of the following Discussion topics. Read Chapters 12 and 13, and remember to include references and links to the websites that are important contributors to your posts (comments).

Unit 6 discussion

(A.)Good evening Professor and class. We measure long-term economic growth of a country how rapidly real GDP per person grew in the typical year (mankiw,2015). The key determinants are productivity of long-run economic growth. Physical capital, human capital, natural resources, and technological knowledge are the main determinants to economic growth.

(B) The relationship between economic growth and productivity goes hand in hand. You can not have economic growth without productivity. Labor productivity measures the amount of goods and services produced by one hour of labor.

   Reference: Mankiw, N. G. (2015). Principles of Macroeconomics, 7th Edition. [Kaplan]. Retrieved from https://kaplan.vitalsource.com/#/books/9781305156067/