er and ming that 6 What roles do physical capital human capi

er and ming that 6. What roles do physical capital, human capital, technol- ogy, and natural resources play in influencing long- run economic growth of aggregate output per capita? 7. How have U.S. policies and institutions influenced the d 2 country\'s long-run economic growth?

Solution

Answer of qus. 6 is- Physical capital, ethnic capital, technology, yet natural assets circulate essential roles between influencing long-run increase into real GDP by capita. Increases within both bodily headquarters or human metropolis help a attached labor pressure to produce more upon time. Although monetary studies hold advised so much increases within human capital may additionally give an explanation for will increase within productivity higher than operate will increase within bodily headquarters by worker, pragmatic growth is in all likelihood the just essential operator regarding productivity growth. Although herbal assets played a outstanding role traditionally of identifying productivity, nowadays those lead a less necessary role in growing productivity than functionate will increase within ethnical and bodily metropolis within close countries.

Answer of qus. 7 is- stability U.S. institutions or policies have greatly aided the country’s economic growth. The
United States has been politically stable, and its legal guidelines and institutions defend private
property. The economic system has attracted massive savings, each domestic then foreign,
that hold allowed investment execution in conformity with encourage the boom of the headquarters stock and
fund research yet development. The administration has at once supported economic
growth thru its assist about community learning as properly as much research or development.