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S E26: Economic Growth - Improving our Lives

Think Like An Economist

CHAPTER

Small Differences in Growth Rates Really Matter

When a country produces more, people have more to eat and spend on quality of life. Small differences in growth rates can compound overtime and really matter. In 18 20, the us had twice the g d p Per person compared to latin america. But 200 years later, it was four times more us.

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