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Why Are Some Countries Rich and Others Poor? (Page One Economics)

Over 200 years ago, Adam Smith attempted to explain why some nations are wealthier than others. Today, the gap between rich and poor countries is even larger. The September 2017 issue of Page One Economics describes how total factor productivity contributes to economic growth and how growth leads to a rising standard of living.

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Audience:   High School, College, Consumers
Language:   English
Subjects:   AP Economics, Economics, Current Events
Resource Types:   Publications, Lessons
Concepts:   Productivity, Factors of Production/Productive Resources, Physical Capital, Trade/International Trade