GROWTHPart 3

Economic

Look at the three graphs you created. Answer the following question:

What conclusions can you draw about the countries you

selected based on information in the graphs you created?

Include some of the statistical information you discovered to support your answer.

REVIEW: THE “RECIPE FOR GROWTH”

REVIEW: HUMAN CAPITALThe skills and education of workers.

CAPITAL DEEPENING:Increasing human or physical capital.

The aggregate economy can experience capital deepening when the economy shows a higher level of physical or human capital per person.

CAPITAL DEEPENING:

Human and physical capital are equally important to growth.

ECONOMIC FREEDOM:The freedom to choose how to produce, sell, and use

your own resources, while respecting others' rights to do the same. The Fraser Institute publishes an annual report

called “The Economic Freedom of the World.”

Better

Worse