Discuss three economic policies you might advise the President to pursue in order for his country to achieve this increased standard of living.

The President of Vestvia (a small country) wants to increase productivity in his country. He has recently become aware of an economic principle that suggests that as a nation’s productivity rises, its income will rise and therefore its standard of living will also rise. You have just been appointed as the economic advisor for Vestvia. Discuss three economic policies you might advise the President to pursue in order for his country to achieve this increased standard of living. Develop a multi-paragraph response with a introduction, main section, and conclusion that includes examples and evidence to support your ideas. Organize your response in a clear and logical manner using proper economic reasoning. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English. The response must be in your own words. Do not use quotes or references. For a high score, you must properly use economic concepts and terms. Explain what are the main sources of productivity growth. Applying key macroeconomic theories differentiate which sources of growth may be enhanced with government policies and which sources may not be improved with policies. List key macroeconomic measures of growth and briefly describe how these measures could be used to assess government policy effectiveness.