Page 56 - FINAL CFA SLIDES DECEMBER 2018 DAY 5
P. 56
Session Unit 4:
15. Aggregate Output, Prices & Economic Growth, p.52
LOS 16.n: Describe the production function approach to analyzing the sources of economic growth, p.72
Meaning?
Baring aw of Diminishing Marginal Productivity,
Labor productivity can be increased by either
improving technology or increasing physical
capital per worker.
