________ provides a method to examine the differences determinants in GDP per capita growth over time within individual countries.

Question

Quizplus · Accepted Answer

Growth accounting is a method that analyzes the contributions of different factors, such as labor, capital, and technology, to GDP per capita growth over time within individual countries. By decomposing the sources of economic growth, it provides insights into the determinants of long-term economic development and helps policymakers design appropriate strategies to promote growth. Development accounting and total factor productivity are related concepts that also aim to explain the differences in economic performance across countries, but growth accounting focuses on the evolution of output and its components within a particular country. Growth theory, on the other hand, is a broader field that encompasses different models and frameworks to explain the drivers of economic growth at the aggregate level.

________ Provides a Method to Examine the Differences Determinants in GDP