A major factor contributing to the slow growth rate of less-developed economies is   Group of answer choices a. the lack of well-defined and enforceable property rights. b. the lack of natural resources. c. the lack of workers. d. the high rate of illiteracy.

Q: What is the relationship between the growth rate of real GDP and the growth rate of real GDP per…

A: Real gross domestic product or real GDP is the value of all goods and services produced by an…

Q: Pattern in which economies with low per capita incomes grow faster than economies with high per…

A: Per capita income is the ratio of total income and total population in the economy.

Q: Which of the following is not an example of economic development? A. Improvement of human…

A: Economic Development : The Economic development can be defined as the quantitative as well as the…

Q: A nation can achieve higher economic growth if Select one: a. the government increases the taxes…

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Q: Which of the following is not a source of economic growth? A. appropriate incentive system B.…

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Q: How does increasing the level of public education spending typically affect the long- term economic…

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Q: Over the last 60 years or so, Korea has been one of the most successful economies in the world. What…

A: Given: Year GDP Per Capita Population Capital Labour Education 1960 1,224.79 24.749 208,509.8…

Q: ​_____ shows roughly how long it will take a nation to double its output at various growth rates.…

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Q: Economic growth is most affected by: a. money supply b. discovering natural resources c.…

A: By comparing one period of time to the next, economic growth refers to an increase in the output of…

Q: How does an increase in human capital affect economic growth? Put the following steps in sequence.…

A: Human capital is at the core of various endogenous growth models.

Q: Sort the items below according to whether they promote economic growth, inhibit economic growth, or…

A: Economic growth refers to an important for an economy. Economic growth enhances the standard of…

Q: Good Y B .C 0 Good X Refer to the provided graph. Which of the following movements would indicate…

A: The production possibility curve shows the combination of two goods that are produced with efficient…

Q: How is economic growth measured? Question 1Answer a. The percentage change in the employment rate…

A: The objective of the question is to identify the correct method for measuring economic growth.

Q: What impact does economic growth have on the cost of living?

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Q: a. Democratic Republic of Congo: population growth = 2.7 percent; real output growth = - 1.5…

A: To calculate the real growth per capita, we need to use the formula:Real growth per capita = Real…

Q: Which of the following countries would be more likely to experience strong economic growth, other…

A: Economic growth means an increase in the total production of goods and services in a given year in…

Q: 28) Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: 7 Government grants patents for Inventions. 7 Tax credits for R&D costs. Grants from National…

A: 1)Encourage more to invest in education to boost human capital. a)Education saving account.…

Q: Capital good (millions per month) 0 C Consumption goods (millions per month) Using the diagram above…

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Q: What is the term used to describe the transition of an economy from low - income to high - income…

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Q: The key to economic growth for a country is a) investment. b) net exports. c)government spending.…

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Q: Which of the following explains the importance of education in economic growth? Group of answer…

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Q: 3. Productivity and growth policies Consider a small island country whose only industry is weaving.…

A: Workforce productivity is the amount of goods and services being produced by a group of workers in a…

Q: 1.  Discuss the factors that contribute to economic growth.

A: It is a question with multiple questions, therefore we will do the first question. To get solved the…