Ch 11 Economic Growth and Wealth of Nations Flashcards by Ashley Pope | Brainscape

Q

Growth rate of real per-capita GDP

A

%Δ Nominal GDP - %Δ Price - %Δ Inflation

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Q

Rule of 70

A

70/average annual growth rate

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Q

What are the 3 major categories of resources?

A

Natural Resources, Physical Capital, Human Capital

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