Purdue econ 252 exam 70 - Study guides, Class notes & Summaries
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Purdue ECON 252 Exam 70+ COMPILED Questions and Answers 2024
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capital accumulation - the growth of capital resources, including human capital. when a country 
saves more, this grows faster. 
aggregate investment - savings rate x GDP 
political creative destruction - the process in which economic growth destabilizes existing regimes 
and reduces the political power of rulers. 
creative destruction - refers to the process by which new technologies replace old ones, new 
businesses replace established companies, and new skills make old ones redundant. 
rev...
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