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: Explain 8 features of a developing country. c. Explain 5 challenges associated with economic…

A: The large set of activities of production and consumption being inter-related which help to aid in…

Q: Many of the brightest people from India emigrated from India. How would this effect growth in India?…

A: Economic migration refers to people moving from one country to another in order to take advantage of…

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: Which factors contribute to economic growth? A decrease in the quantity of labor due to emigration.…

A: Economic growth refers to the increase in an economy’s production of goods and services over a…

Q: Draw a per-worker aggregate production function for Syria before the civil war. Choose some point A…

A: This question is asking you to use the economic growth model to analyze the effects of the civil war…

Q: what causes two country to have similar investment but different growth rate

A: There are many factors which affects growth rate of any country besides the investment.

Q: In the long run, what will be the source of a country’s economic growth? a. Labor laws b. Labor…

A: Long run in the sense, there would be no fixed costs and only variable costs would be there.

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

A: The objective of the question is to identify the correct option that can lead to higher economic…

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

A: Financial development or economic growth- estimated as an increment of individuals' genuine pay -…

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

A: The issue is to distinguish the effect of expanding state-funded schooling spending on the drawn out…

Q: In group of countries: Australia, China, South Korea and Papua New Guinea in 2010-2021 period. Pick…

A: Global economics encompasses the investigation and evaluation of cross-national economic,…

Q: 20. In recent years, many DVCS have come to realize that A. private capital investment is essential…

A: IAC or Industrially advanced countries are those countries that have a high level of per capita…

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.…

A: GDP deflator shows the inflation.  GDP deflator = (Nominal GDP ÷ Real GDP) × 100   Rule of 70 shows…

Q: a. The local government builds a new school. b. Teachers in the new school hold classes for young…

A: The construction of a new school typically increases productivity in the long run. While the…

Q: 1. What is the metric we use to measure economic growth? China? 2. From 1990-2009, what was the…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: country's rate of economic growth is important because.    A) an economy that grows too slowly is…

A: Economic growth implies an increase in per capita production of goods and services within a country…

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: Which of the following is an important objectives of economic development? I.       To increase the…

A: Economic Development refers to increase in the standard of living of the individual by increment in…

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: The table below shows the economic growth rate in Grenada and Canada. Years Grenada Economic…

A:

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

A: Economic growth generally refers to an increase in the production of goods and services from one…

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: 20.The Growth definition of Economics was introduced by (A) (B) (C) (D) J.M.Keynes and P.A.…

A: option A is correct answer the definition of growth was introduced by   The American  economist 20th…

Q: Which one of the following best describes economic growth?   Select one:   a.   an increase in…

A: The process by which the economy's final commodities and services increase is known as economic…

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…

A: Improved capital enhances the goods market and labor productivity. Capital investment improves the…

Q: The following are the main factors that drive economic growth except:    A. Agrarian Reform   B.…

A: The following are the main factors that drive economic growth except:    A.…

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

A: The need for economic transition is triggered by economic challenges or opportunities. An economy…

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

A: Economic growth is characterized as the expansion in the production of goods and services in an…

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

A: Economic growth means an increase in the total production of goods and services in the economy. It…

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…