Essay Available:
Pages:
1 page/β275 words
Sources:
2 Sources
Style:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
What are the Limits to the U.S. Long-Term Economic Growth?
Essay Instructions:
What are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try?
Essay Sample Content Preview:
Limits to U.S. Long-term growth
Name
Institution
Date
What are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try?
Even though there has been unprecedented growth form the 20th century to the 21st century, the growing population will need more resources. Even if the service sector grows there resource availability is not infinite, and will limit the economy’s growth potential, and this is especially there is a reduction in the marginal utility of production. Additionally, technology innovation may have diminished returns, but there are institutional factors that will affect economic growth. Even though, there are nonrenewable resources and energy that limits production and economic growth, since consumption without production is unsustainable.
Government involvement ought to be limited to facilitate free trade and protect property rights to make it easier for firms and people to get involved in profitable trades. The government implements expansionary fiscal policies through expenditure and tax cuts (Elwell, 2011). Competition helps to eliminate inefficiencies in the market, and this includes th...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
π Other Visitors are Viewing These APA Essay Samples:
- Explain the system of national income accounting (GDP), including how GDP is measured and wh. . .2 pages/β550 words | 2 Sources | APA | Mathematics & Economics | Essay |
- Population Means and Proportions3 pages/β825 words | 2 Sources | APA | Mathematics & Economics | Essay |
- What is the Current macroeconomic situation in the U.S3 pages/β825 words | 10 Sources | APA | Mathematics & Economics | Essay |
- Description of the Test Statistic in Healthcare Assignment2 pages/β550 words | 3 Sources | APA | Mathematics & Economics | Essay |
- How would a low-cost price leader enforce its leadership through implied threats to a rival?1 page/β275 words | 2 Sources | APA | Mathematics & Economics | Essay |
- Probability and Health Statistics3 pages/β825 words | 2 Sources | APA | Mathematics & Economics | Essay |
- Economics: Consumer Price Index4 pages/β1100 words | 3 Sources | APA | Mathematics & Economics | Essay |