(BQ) Part 2 book "Macroeconomics" has contents: Long-Run economic growth - Sources and policies; aggregate demand and aggregate supply analysis; supply analysis; inflation, unemployment, and federal reserve policy; macroeconomics in an open economy; the international financial system,.and other contents. | Find more at Lo n g-Ru n Eco n o m i c G rowth : Sou rces a n d Po l i c i es C h a pte r Outl i n e a n d Lea r n i n g Objectives 1 0. 1 Economic Growth over nme ond around Ihe World, page 304 Define economic growlh, calculate economic growlh rates, and describe global trends i n economic growlh. 1 Whal Delermlnes How Fast Economies Grow? page 308 Use the econom i c growlh model to explain why growlh rotes differ across countries. 1 Economic Growth I n Ihe Unlled Sloles, poge 31 5 Discuss flucluotions i n produclivity growlh in Ihe United states. 1 Why Isn'l Ihe Whole World Rich? page 3 1 9 Explain economic catch-up ond discuss why mony poor countries hove not experienced rapid economic growlh. 1 Growth Policies, poge 326 Discuss govemment poli cies that fosler economic growlh. Find more at » Goog le's D i lemma i n China Google was founded in 1998 b y Larry Page and Sergey Brin. By 2009, Google employed more than 20,000 people and had annual rev enues exceeding $21 billion. But Google encountered problems when expanding into China in 2006. The Chinese government has insisted on regulating how people in that country access the Internet. In setting up , Google had to agree to block searches of sensitive topics, such as the 1989 pro-democracy demonstrations in Tiananmen Square. In 2009, Google ran into further problems as the Chinese government insisted that it stop showing some results from foreign Web sites. Google's problems highlight one of the paradoxes of China in recent years: very rapid economic growth occurring in the context of government regulations that may ultimately stifle that growth. From the time the Communist Party seized control of China in 1 949 until the late 1 970s, the government controlled production, and the country expe rienced very little economic growth. China moved away from a centrally planned economy in 1978, and real GDP per capita grew at a rate of
