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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

List and describe four determinants of productivity.

To determine

Productivity and its determinants.

Explanation

The four determinants of productivity are physical capital, human capital, natural resources, and technological knowledge available to workers. Physical capital is the stock of equipment and structures used to produce goods and services. Human capital on the other hand consists of the knowledge and skills that workers acquire through education, training, and experience...

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