microecon

microecon

Problem 1
In what specific ways (if any) does a college education increase a worker's productivity? Take some special care with this problem.





















Problem 2
In what way is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world?







nternet Questions

Question 1
Visit: http://www.heritage.org/index/Default.aspx

Visit the Heritage Foundation website page for the Index of Economic Freedom. How does economic freedom in the U.S. compare to countries in South America and in Europe? How would you expect future economic growth in the U.S. to compare to those nations? Explain.














Question 2
Visit: http://www.bea.gov/national/xls/gdpchg.xls

This site is part of the Bureau of Economic Analysis website. Look at the inflation adjusted data and identify the periods of negative real economic growth. What might have caused each of these periods of economic decline? You may have to do a little history study. Be sure to relate your response to the economic theory offered in class.