1) Go the Bureau of Labor Statistics (BLS) page on the web. Particularly, go to the page on Quarterly Labor Productivity at http://www.bls.gov/lpc to get the latest news release on the productivity of the U.S. economy. Pull the data for sectors out of the press release (i.e. for manufacturing) and rank them highest to lowest growth rates according to the latest quarter. Does any of the ranking make sense to you? Why or why not?

2) Technological change is an important driver of economic growth. Find a story about a recent innovation in the news. How will this innovation affect the U.S. production possibilities frontier (PPF)? Be sure to explain the PPF in your answer. Does it seem likely to affect employment as well? If so which type of workers will be harmed, and which will benefit.

Don't use plagiarized sources. Get Your Custom Essay on
Get a plagiarism free paperJust from $13/Page
Order Essay

3) Explain the concept of “creative destruction” and the economist who originated the term. Why is creative destruction important to increases in productivity?

4) Why is research and development so important to increasing a nation’s productivity. Moreover why should government step in and fund research and development? Is it a public good? Explain.


You will be graded on substantive responses to these questions. Simple answers with a few sentences will not suffice. I want to hear your opinions backed up by data.

This 3-5 page paper should be in APA format if you use external sources. Due at the end of week 4 ( July 31, 2020) Update: Extended to August 1, 11:59 p.m.

Homework Valley
Calculate your paper price
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.


A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.


Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At Homework Valley, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.


Flexible Pricing

Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.


Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.


Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.


Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.