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For more information, please see full course syllabus of AP Macroeconomics
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Economic Growth

  • The real GDP per capita is the best measure for standard of living
  • Real GDP = Real GDP/population
  • Long-run economic growth occurs due to increases in physical and human capital and technology
  • Economic growth on the PPF growth is shown by shifting the curve outwards

Economic Growth

Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.

  • Intro 0:00
  • Lesson Overview 0:07
  • Real GDP Per Capita 1:17
    • Real GDP Per Capita
    • How Do You Find the Real GDP Per Capita
    • Many Countries Have Lower Standard of Living Than U.S.A. 100 Years Ago
  • Long Run Economic Growth 5:36
    • Growth Rate
    • Physical Capital
    • Human Capital
    • Technology
  • Economic Growth on a PPF Graph 10:37
  • Investment vs. Consumer Good 15:31
  • Long-Run Growth and the LRAS Curve 19:08
  • Short-Run to Long-Run: Example 1 21:07
  • Short-Run to Long-Run: Example 2 24:01
  • Example 1 26:09
  • Example 2 27:33
  • Example 3 29:48
  • Example 4 31:09