Define and explain the various factors that affect the long-run rate of economic growth.

answer essay questions

Please answer the following essay questions. The use of outside sources of information, besides our text and lectures, is strongly encouraged. Each question is worth 33-1/3 points.
1) Define and explain the various factors that affect the long-run rate of economic growth.

2) Describe in detail the components of the Gross Domestic Product (GDP) measure. In addition, provide a brief summary by decade of relevant trends and big-picture changes from the 1950s through the 2000s. per decade

3) Acquire data from the Bureau of Labor Statistics on employment measures and contrast and compare current labor market conditions to those of past recessions since World War II.