There are a number of economic and noneconomic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries.
Based on your reading of Chapter 26, other course materials, and your knowledge and experience, analyze the following questions.
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