What makes the given issue of growth so important


Problem

In the quote that begins this chapter, Nobel Prize winner Robert Lucas in 1988 suggested that differences in growth rates between Egypt and India raise the most fundamental economic question of what causes economic growth. What makes this issue of growth so important? Is a long-term growth rate of 1.4% so different from 3.4%?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What makes the given issue of growth so important
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