Economic Growth PowerPoint PPT Presentation

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Title: Economic Growth


1
Economic Growth
  • An increase in productive capacity or an outward
    shift in the production possibilities frontiers
    (PPF).

2
Causes of Economic Growth
  • Capital Accumulation
  • An Increase in the Size of the Labor Force
  • Population Growth
  • An Increase in Labor Force Participation
  • Technological Progress
  • Neutral Technological Progress
  • Capital-Saving Technological Progress
  • Labor-Saving Technological Progress
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