Answer the following questions.
Question 1) Write down six major ingredients in economic growth.
Question 2) Demonstrate economic growth using production possibilities analysis and aggregate demand aggregate supply analysis.
Question 3) Explain the growth record of U.S. economy since 1940, including two measures of its long term growth rates.
Question 4) Write six main factors which contributed to U.S. economic growth according to empirical studies.
Question 5) Write five reasons for increasing returns in the New Economy.
Question 6) Provide four positive side effects to New Economy besides improved living standards.