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Economics, 6/e
Stephen L. Slavin
Economic Growth And Productivity
Chapter 16 - Economic Growth and Productivity
1
More than
of the world's population lives in less developed countries.
2
World output per head (i.e., per capita GDP) rose at an annual rate of about
before 1800, and at a rate of about
since 1800.
3
The industrial revolution began in
around the year
.
4
Most recently our rate of productivity growth picked up again around the year
.
5
One of the bright spots in our gross savings picture during the 1990s was the decline and elimination of the
.
2002 McGraw-Hill Higher Education
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