Class Notes (838,058)
Canada (510,633)
Economics (1,617)
ECON 1BB3 (535)
Lecture 10

lecture ten

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Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Winter

Description
Why are Norwegians better off than EthiopiansExample 1 Which country has the highest per capital GDP a USA b Liechtenstein c Qatar d Norway Productivity y Productivity the quantity of goods and services that a worker can produce for each hour of work y Determinants of productivity o Physical capital o Human capital o Natural resources o Technological knowledge Production function y Production function shows how we combine inputs to produce output y YAFKLHN y Y output income expendi
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