| A | B |
|---|
| Capital deepening | Increase in the stock of capital per worker |
| Technological progress | An increase in output without increasing profits |
| Real GDP per capita | Gross domestic product per person adjusted for changes in prices |
| Growth rate | The percentage change of a variable |
| Rule of 70 | How long it takes output to double |
| Saving | Total income minus consumption |
| Growth accounting | A method to determine the contribution to economic growth from increased capital, labor, and technological progress |
| Labor productivity | Output per hour of work |
| Human capital | Investment in education and skills |
| Creative destruction | The process by which competition for monopoly profits leads to technological progress |
| New growth theory | Modern theories of growth that try to explain the origins of technological progress |
