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Illustrate outcomes graphically

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Reference no: EM131112022

Rearrange the following contributors to the growth of productivity

1. Between 1990 and 2005 the U.S. price level rose by about 50 percent while real output increased by about 56 percent. Use the aggregate demand-aggregate supply model to illustrate these outcomes graphically.

2. To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity?

Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, technological advance.

Reference no: EM131112022

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