Learning Objectives Learning Objectives Economic prosperity, as measured by GDP per person, varies substantially around the world.? The standard of living in an economy depends on th

Learning Objectives

Learning Objectives

• Economic prosperity, as measured by GDP per person, varies substantially around the world. 

• The standard of living in an economy depends on the economy’s ability to produce goods and services. 

• Government policies can try to influence the economy’s growth rate in many ways.

• The accumulation of capital is subject to diminishing returns. 

• Population growth has a variety of effects on economic growth. 

There are four major determinants of economic growth: 

• human resources

• natural resources

• capital

• technology

write a 4-page paper, double space, 12-point font.  Include a graph and table.  Cite a minimum of 5 sources.  The citing style is at your discretion; however, make sure the format is accurate.