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economic growth

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Keyword:   four
Context:   "The rate of change of GDP/population is the sum of the rates of change of these four variables plus their cross products."
Full context:   In national income accounting, per capita output can be calculated using the following factors: output per unit of labor input (labor productivity), hours worked (intensity), the percentage of the working-age population actually working (participation rate) and the proportion of the working-age population to the total population (demographics). "The rate of change of GDP/population is the sum of the rates of change of these four variables plus their cross products."

economic growth

Source
Walt Whitman Rostow
Area
Economics
Mode
step
Depth
5
User
scotty
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