Macroeconomics
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1. What factors determine a country's productivity levels? What could a president or other government policymaker do to increase a nation's standard of living?
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Solution Summary
The expert determines the factors which determine a country's productivity levels.
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the factors that influence productivity are
-capital stock (such as inventory)
-available labor
-technology
-financial capital (money, equity)
-land, machinery, material
-intellects and intellectual properties (such as patents)
There are many ways in which ...
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