Answer the following options Q#9) What has been true about the long term growth rate and growth path followed by the advanced nations since 1750 – the dawn of the “industrial revolution”? (a) GDP growth has been modest, continuing the same trend from previous eras (b) GDP growth has increased enormously due to technical advances Q#10) When the government takes the lead and pro-actively guides, supports and fosters technology advances and innovation, such as with the Internet, in aero- space (NASA) or Covid19 vaccines, which theory of economic growth is utilized? (a) Neo-Classical Theory (b) Classical Theory (c) New Growth Theory

Q: Which of the following are possible outcomes of rapid population growth? A reduction in capital per…

A: Population growth refers to the expansion in the quantity of individuals inside a population…

Q: Which best describes economic growth? a) increase in labor force participation rate b) a decrease…

A: When real GDP increases for longer time.It best describes economic growth.

Q: Evaluate the view that increased investment is the most important factor in achieving a faster rate…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: Which of the following is NOT considered a factor contributing to economic growth? a) Investment in…

A: Increase in government regulation is NOT considered a factor contributing to economic growth. This…

Q: If you had a choice between living in a country with HIGH GDP per capita but NO growth, OR, a…

A: GDP per capita refers to "output per person". This means it helps to determine the country's economy…

Q: Table: Growth Rates and Real GDP per Capita Country A Country B $8,000 $10,000 6% Real GDP per…

A: GDP is value of all goods and services produced domestically during a given year.

Q: What components of the Solow Growth Model, The Plantation Economy Model, Endogenous Growth Models…

A: The Solow growth model, also known as the neoclassical growth model, is an economic framework…

Q: Some resource-rich countries have succeeded in converting resource wealth into longterm and…

A: Economic development refers to the sustained, long-term growth of an economy, usually accompanied by…

Q: Do you expect that China, then India, will follow the growth paths of Japan and South Kora? What…

A: Economic growth of a country is the increase in the inflation-adjusted price value of goods and…

Q: Describe the difference between human capital and technological knowledge in terms of workers’…

A: Human capital is defined as the required skills, expertise, knowledge, and experience that an…

Q: 1. A) Discuss the relationship between trade and economic growth. What are the key channels through…

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

Q: Consider an economy with a large agricultural sector. A long period of drought hits the country.…

A: Capital can be occupationally mobile if it can be used for more than one purpose. For example…

Q: Define economic growth and discuss its utility at the scale of one country and at the global scale.

A: Economic growth is the rise in overall level of output of an economy. The most common way to measure…

Q: Which is NOT a source of productivity growth?

A: Firms try to increase productivity with various method.

Q: 2015 US Dollar GDP per capita (constant 2015 USD) 1960 1970 1980 2000 1990 Time(Year) Australia…

A: GDP per capita is a per capita income which is the ratio of country's gross domestic income and…

Q: The importance of institutions for economic growth are best explained as a) a country's ability…

A: the sustained rise in production of goods and services is called economic growth. The institutions…

Q: Economic growth is: an expansion of production possibilities an increase in the population…

A: Economic growth is a concept in economics that refers to an increase in the output that an economy…

Q: Which of the following is NOT an institution as defined by the study of economic growth a) the…

A: The United nations is not an Institutions as defined by the study of economic growth.

Q: Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year…

A: Rule of 70: - it gives the number of years in which an amount of money gets doubled at a particular…