Productivity and Growth: Crash Course Economics

The video explores why some countries are rich and others are poor, focusing on GDP and GDP per capita as measures of wealth. It discusses factors like natural resources and government effectiveness, emphasizing productivity as a key determinant of wealth. The role of technology in enhancing productivity and economic growth is highlighted, with examples of how connectivity has boosted productivity in the US. The video concludes by noting the importance of productivity in improving living standards globally.

Why might two countries with similar GDPs have different standards of living?

What are some limitations of using GDP as a measure of a country's wealth?

Discuss the role of technology in increasing productivity.