Components of Economic Growth

Critical Thinking Questions

Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?

Describe some of the political and social tradeoffs that might occur when a less developed country adopts a strategy to promote labor force participation and economic growth via investment in girls’ education.

Why is investing in girls’ education beneficial for growth?

How is the concept of technology, as defined with the aggregate production function, different from our everyday use of the word?