Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with rich ones.

Q: Class, despite the economic progress that the U.S. has observed in the past century, the standard of…

A: Economic progress refers to an improvement in the economic conditions of a country, including…

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: what is the importance of calculating the growth rate?

A: Growth rate refers to the percentage change in the variable such as revenue, investment and other…

Q: What is the impact of productivity growth on a nation's inflation rate or level

A: Inflation rate: It means a general rise in the price level in an economy over a period of time.

Q: How does a country improve its human capital? a) Investing in research and development. b) Investing…

A: Human capital is the skills and knowledge that a person has.

Q: what is the impact of economic growth and per capita income measurements.

A: Answer:- Оkun's  lаw  investigаtes  the  stаtistiсаl  relаtiоnshiр  between  а  соuntry's…

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: What is the likely effect on a country's labor productivity if there is significant investment in…

A: Labor productivity shows the workforce productivity. It is the measure of the output produced per…

Q: Identify one developed and one developing country.  Research their recent economic growth rates.…

A: Consider a developed country United States of America and a developing country India. Economic…

Q: IS GDP important for economic growth

A: GDP (Gross Domestic Product) is the value of all final goods and services produced in the country…

Q: Which of the following is not likely to cause a decrease in labor productivity? a decline in student…

A: Labor productivity measures the output per unit of labor.  i.e., Labor productivity = (Output /…

Q: How fast is the per capita real GDP growing for india?

A: The per capita real GDP can be calculated by dividing the real GDP by the population.

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: Under what circumstances does labor productivity grow?

A: If the quantity of money increases, the value for money decreases. Hence, it will not account for…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…