Economic Growth

. Treats economic growth from the standpoint of its implications for the operations of the American business system. A high rate of growth is said to be necessary for maintaining our standard of living, full-employment, and our national strength. However, the film shows the difficulty in measuring economic growth, of specifying amount of growth needed and, most of all, of producing the growth desired. Using the Gross National Product as an index, the nation's economic growth is seen to have remained close to three per cent for over a century. Increasing this rate, the film concludes, will require more and more effective utilization of our human and natural resources., Treats economic growth from the standpoint of its implications for the operations of the American business system. A high rate of growth is said to be necessary for maintaining our standard of living, full employment, and our national strength; however, the film shows the difficulty in measuring economic growth, of specifying amount of growth needed and, most of all, of producing the growth desired. Using the Gross National Product as an index, the nation's economic growth is seen to have remained close to 3% for over a century. Increasing this rate, the film concludes, will require more and more effective utilization of our human and natural resources.