Answer if TRUE OR FALSE • Population growth rate has a major effect/impact on the economy of the nation. • With regards to the level of productivity of workers in a country, the level of wages in that country is directly related. • A change in some of the social institutions of a nation may be required by Economic Development

Q: . What are the differences and/or similarities if there is between economic growth and economic…

A: Economic growth and Economic Development sound quite similar but the terms are different. Both of…

Q: What is worker productivity when it comes to economic growth? How can we express this productivity?…

A: Worker productivity is the number of workers divided by output.It denotes the efficiency of workers.…

Q: 3. A country had real GDP per person of 5000 in 2005 and 5152 after 15 years. What was the average…

A: This concept can be defined as a tool that helps in measuring the total amount of production of…

Q: Q. Is economic growth good for the poor? Is growth enough for poverty reduction? Give examples from…

A: Economic growth can be characterized as the increment or improvement in the expansion changed the…

Q: Essay. Economic growth is said to be a necessary but not a sufficient condition towards development.…

A: Economic growth is much larger and includes improving the economic, social and political well-being…

Q: 1. Give two factors that affects development of a country and explain its reason. 2. Illustrate and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: State some reason why the demographic trend and Human Development Index may affect the Gross…

A: Demographic trend is related to the population of the country. In the demographic trend, different…

Q: Can Economic growth be sustainable? What is Environmental policy? Describe 8 major US Environmental…

A: There has been no sustained economic growth for most of history because sustained Economic growth is…

Q: 15. Banks normally hold few excess reserves because this practice is: not recommended by the Fed…

A: Bank refers to the financial organization having the license for receiving deposits and making…

Q: The six most populous countries in the world:   a. all achieved per capita economic growth between…

A: The six most populous countries in the world are Brazil, Indonesia, the United States, Pakistan,…

Q: A major factor contributing to the slow growth rate of less-developed economies is   Group of answer…

A: A major factor contributing to the slow growth rate of less-developed economies is :   d. the high…

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: How does this concept apply to the growth trajectory of a country? Kindly explain and give examples.

A: Leontief paradox stated that US being the capital rich country was exporting labor intensive product…

Q: How is the indian economy doing? What is the growth rate of the real GDP? What is the trend in this…

A: The Indi economy was considered as one of the fastest growing economies of the world along with the…

Q: Part 8 a) What is average labour productivity? Explain how average labour productivity can impact…

A: Average Labor Productivity = Total Output/Total Productive Hours. The worth each utilized individual…

Q: The enormous contribution of Small and Medium Enterprise in Ghana cannot be over emphasized. It is…

A: The Small and Medium Enterprises are considered as the Engine of Growth on nation. Most of the small…

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: Most successful examples of modern economic growth have occurred i country with A. exports of…

A: Modern Economic growth development is an expansion in the creation of financial labor and products,…

Q: Economic growth

A: Economic generally agreed that economic development and growth are influenced by four factors:-…

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: Explain the benefits and limitations of the following determinants in the economic growth. Limit…

A: Economic growth is the increase of real GDP or GDP per capita. It is influenced by factors like…

Q: Identify the factors which are the drivers behind a countries rate of growth. Describe the relevance…

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

Q: Labor productivity and economic growth outlined the logic of how increased productivity is…

A: Labor(L) productivity refers to the amount of output(Q) produced per unit of labor(L) input.The…

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: Since population growth is income growth in the steady state, is the only variable that affects the…

A: In a steady state of economy we will find many observations :- Here the technical progress is…

Q: Production and Growth

A: Economic development can be defined both in qualitative and quantitive terms.  development depends…

Q: How does a  nation energy consumption an indicator of an economic growth?

A: Economic growth is defined as an increase in the level of goods and services produced in an economy…

Q: 1. What do you think are the reasons why every country has different levels of economic development.…

A: 1. Even though Argentina's actual per capita income used to be one of the highest in the world 100…

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: The government of the country Excel provides a large number of grants for scientists to research new…

A: Meaning of Economic Growth: The term economic growth refers to the growth towards the internal…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: The productivity refers to the efficiency in production of goods and services. It is described as…

Q: What can be inferred with respect to economic growth and price control in GDP per capita (current),…

A: What may be deduced from GDP per capita (current), GDP growth rate, and inflation rate in terms of…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: There are four determinants of productivity. They are: Physical capital Human capital Natural…

Q: TRUE OR FALSE: 1. Economic growth and poverty have a strong positive correlation. 2. High-income…

A: 1. Economic growth and poverty have a strong positive correlation.  Economic growth has a trickle…

Q: QUESTION 2 Most developing countries have been struggling to achieve economic growth and economic…

A: A developing country, also implied as a less developed country or a low-income country, is a nation…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: It is essential to concentrate on efficiency since it decides the expectations for everyday comforts…

Q: Evaluate with examples how each of the following affects economic growth •special interest groups…

A: The following problem has been answered as follows:

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: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: Answer the following in essay form:   1. What is the perspective and methodology of economic…

A: The term economic development can be defined as activities or practices that aim at improving the…