Economic growth is a sustained rise in a nation's production of goods and services. Long term growth in output results from improvements in labor productivity and increases in employment. It varies across countries because of differences in investments in human and physical capital, research and development, technological change, and from alternative institutional arrangements and incentives.
Standard detail
1.
Benchmark
Depth 1Parent ID: 74DCC41AE34846B58E331D5D3CFB05CBStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 1.
- List ID
- 1.
- Standard ID
- FE99C63884064990BD2D02075330B1C2
- ASN identifier
- S2604823
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 74DCC41AE34846B58E331D5D3CFB05CB
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US