Mini Paper Item #4
4. Comparison of economies to determine greatest potential for profit growth (Include charts with GDP and GDP per capita) (Use APA style format) (Remember: You are still focusing on the 2 countries you identified in Item #1)
GDP is mentioned throughout our textbook. Examine the components that cause economic growth.
You might look at population growth, labor productivity.
You might look at current output and capacity for increased output based on future labor predictions.
You might look at the major factors for economic growth; Some are Capital accumulation, labor force growth, and technological progress. These factors are what you might have studied in a macroeconomics course.
There are supply factors for economic growth: Some are natural resources, human resources, the capital market, and technological improvements,
Since you will be talking about growth in this section – it makes sense to include charts which will reflect GDP growth.
