Consider a nation in which the volume of goods and services is growing by 5 percent per year. What is the likely impact of this high rate of growth on the power and influence of its government relative to other countries experiencing slower rates of growth? What about the effect of this 5 percent growth on the nation’s living standards? Will these also necessarily grow by 5 percent per year, given population growth? Why or why not?

Q: #1: A lower income economy starts off with a per capita GDP of $5,000. How large will the per capita…

A: Since we answer 1 question at a time, question 1 will be answered here. Please reupload the…

Q: A mathematical approximation called the rule of 70 tells us how long it will take for something to…

A: Panama's real GDP in 2017 = $13,000/person US's real GDP in 2017 = $52,000/person

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Q: A mathematical approximation called the Rule of 70 tells us that the number of years it will take…

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Q: Is this rate an accurate reflection of economic growth? Why or why not? 8.

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only one question…

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Q: A mathematical approximation called the rule of 70 tells us that the number of years that it will…

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Q: 16)A mathematical approximation called the rule of 70 tells us that the number of years that it will…

A:

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Q: A mathematical approximation called t he rule of 70 tells us that the number of years that it will…

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Q: Q#13)  The  former Tea Party and Trump factions with the Republican Party would                like…

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