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NationalIncome, CostofLiving, ProductionandGrowth, SavingsandInvestment, Unemployment, MonetarySystem, Money,GrowthandInflation Text book: PrinciplesofMacroeconomic,N.GregoryMankiw,6thedition The in...

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NationalIncome,

CostofLiving,

ProductionandGrowth,

SavingsandInvestment,

Unemployment,

MonetarySystem,

Money,GrowthandInflation

Text book:

PrinciplesofMacroeconomic,N.GregoryMankiw,6thedition

The in class test will start on Monday, 5/21. At 10 a.m, my local time zone is Seattle, USA. (UTC-08:00) Pacific Time (US & Canada).I will take pictures after I got the test papers, and email the short answers questionsto you. You just need to help me solve short answer questions. There will be three short answers in total. Please keep the answers simple, short, and clear. I can give you 30 mins to finish this assignment after I email it to you. Any questions please call me or email me XXXXXXXXXX XXXXXXXXXX

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Answered Same Day Dec 29, 2021

Solution

Robert answered on Dec 29 2021
113 Votes
Q26
4 FACTORS THAT AFFECT LONG TERM GROETH INCLUDE:
· Human Capital. This includes the no of labour as well as their level of efficiency and productivity. It is determined by levels of education, training and motivation. Increased labour productivity can help firms raise output and therefore speed up the rate of growth. Also production processes become more efficient and cost competitiveness is enhanced.
· Development/ nature of Technology. In the long run use of new technology that is more cost effective, resource...
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