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What are the long-term determinants of economic growth

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Australian government is encouraging young people to attend universities with a view to increase the proportion of educated youth workforce. While this policy certainly reduces the number of people available for work today it will increase their skills when they eventually complete their university degrees and enter the workforce. Use the production frontier model and graph to show the effects of such a policy on Australian output. What are the long-term determinants of economic growth and how can government influence economic growth.

Reference no: EM132364806

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