Sustainable Growth

Sustainable Growth

Assessment

Interactive Video

Business

11th Grade - University

Hard

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The video discusses sustainability in economic growth, focusing on the importance of shifts in the long run aggregate supply (LRAS) curve. It explains that sustainable growth is achieved through changes in the quantity and quality of production factors, such as land, labor, capital, and enterprise. The video provides examples of how immigration and investment can lead to shifts in LRAS, resulting in economic growth without an output gap. It emphasizes the need for sustainable growth and the role of investment in achieving it.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do changes in the quantity and quality of factors of production affect economic growth?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the quality of labor play in economic growth?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the difference between sustainable and unsustainable growth as mentioned in the text.

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