76 309
Assignments Done
Successfully Done
In May 2019

Answer to Question #71093 in Macroeconomics for melisa florez

Question #71093
The President of Lisavia (a small country) wants to increase productivity in his country. He has recently become aware of an economic principle that suggests that as a nation's productivity rises, its income will rise and therefore its standard of living will also rise. You have just been appointed as the economic advisor for Lisavia. Discuss three economic policies you might advise the President to pursue in order for his country to achieve this increased standard of living.
Expert's answer
Economic productivity is the value of output obtained with one unit of input.
You can increase productivity of 1. production processes, 2. of the decision-making and governance processes as well 3. the external-to-the-firm productivity of the environment in which it operates.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions