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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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