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Can tle long term growth of developed country like USA be explained by growth models? What model/s? and How?
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- What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?List the areas where government policy can help economic growth.An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?
- Give an example of a time period where the US had relatively higherGDP growth than most other developed countries. What are some rea-sons/explanations for this higher growth? Explain it step by step pleaseU. a UGLICOSC II LITC TODOI TVICe partiCipatioi 25. Which of the following institutional arrangements is most likely to promote growth? a. patents and copyrights that expire quickly and are loosely enforced. b. strong government control over resource allocation decisions. C. unrestricted trade between nations. d. all of these.Don't give AI solution A country had real GDP per peria of 5800 in 2005 and has had average real GDP growth of 8.4 %per wear, over the next 15 years, What is real GDP - at the end of that period?
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