Define remittances and how they have become an important component of the economy of certain Latin American nations. Which are 2 countries that depend on remittances; which are 2 that do not?  Why?  Finally, discuss the relationship between remittances and economic growth.  What are 2 aspects which raise economic growth and 2 aspects which might not?

Q: Jamaica has been lagging in economic growth behind the other islands in the Caribbean. Why and what…

A: Economic growth refers to the increase in level of goods and services produced in an economy over…

Q: Mexico​'s real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015.   Mexico​'s…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: (a) What three institutions do you consider are the most important for a country’s economic growth?…

A: Economic growth refers to the the expansion the production of goods or services in a country. It is…

Q: The fictitious country "Alpha" has a real GDP per person of $10,000. Instructions: Enter your…

A: Real Gross Domestic Product (Real GDP) is a macroeconomic measure that represents the total value of…

Q: Use the following information to work Problems 1 and 2. China’s growth rate of real GDP in 2005 and…

A: Compounding is a concept in finance, where the initial principal amount invested as well as the…

Q: Suppose you are a highly regarded international economic advisor. You have been asked to assess the…

A: Economic growth is defined as an increase in the production of economic goods and services from one…

Q: Which one of the following statements is correct? O a. Slower population growth rate than national…

A: The given options are analyzed below –   Option (a): The Solow Model which defines the long run…

Q: Explain Economic Growth in Poor Countries....or Lack Thereof. Take note of the 3 Paragraphs in bold…

A: The effect of much population growth Eastery does not offer his own new pancreas for how to moves…

Q: If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then…

A: Growth, the interaction by which a country's wealth increments over the long run. Albeit the term is…

Q: If you are given a choice to live in a country with high level of GDP and low growth rate or to live…

A: Hey, thank you for the question, since there is multiple question posted, according to our policy…

Q: Small differences in the rate of economic growth can lead to large differences in living standards.…

A: The growth rate of an economy is the rate of growth in real GDP of a nation. The growth rate…

Q: does financial development facilitate the economic growth in a country? Explain 3 ways that…

A: Economic Growth refers to the process through which the economy improves in terms of welfare,…

Q: For each growth rate below, () use the rule of 70 to calculate how long it will take incomes to…

A: Exponential growth is a process that increases quantity over time. It occurs when the instantaneous…

Q: countries with high levels of capital accumulations tend to have high level of efficiency as well.…

A: The rise in the assets due to the investments and profits, is referred to be as capital…

Q: what does it mean by productivity, why it is important and how to improve productivity growth for an…

A: An economy is defined as a vast network of interrelated production, consumption, and trade…

Q: pital. Consider why other governments do not pursue this strategy to the same extent that it has…

A: Economic growth is the increase in the market value of the services and goods which is in turn…

Q: What are the current growth rates, population size and patterns of the United States, China, and…

A: An examination of the connection between the number of people, growth, and economic challenges is…

Q: 2. Choose 1 country from Latin America, or Africa, or Asia. Find its birth (fertility) rate, death…

A: The birth rate of a country is a very important indicator along with the mortality and the…

Q: As long as a country has high GDP growth rate, it can be categorized as an emerging market economy.…

A: Emerging market economies are those economies that are into a transition period, and moving toward…

Q: Which of these is NOT a factor of economic growth? O decrease in the savings rate investment in…

A: Economic growth is defined as an increase in the stock of final goods and services from one period…

Q: The BRICS initially had high economic growth rates and increasing values of exports and imports. In…

A: The BRICS countries bloc is a grouping of six emerging nations with immense development…

Q: What are the differences between economic growth and economic development?  List 1 measurement for…

A: There are many components related to the economy and macroeconomic policies along with the whole…

Q: _____ would most likely result in the economic growth of a nation. A. A decrease in the…

A: Economic growth of a nation is mainly the result of gains from trade, discovery of better approaches…

Q: Discuss how lowering taxes contribute to a country economic growth.

A: Lowering tax rates contribute to economic growth. When taxes are reduced, the disposable income…

Q: 2. You are a manager at a large shampoo company and on the search for future markets. You identified…

A: GDP per capita is calculated by dividing the economy's total gross value added by all resident…

Q: , how can economic growth affect the value of a country’s imports?

A: Trade is defined as the exchange of commodities and services across the boundary of the country.

Q: How many years will Colombia grow with a GDP of $323 billion dollars at a growth rate of 4%?  7)…

A: The correct answer is given in the second step.

Q: The lower-income industrial countries are catching up to the higher-income industrial countries in…

A: According to the catch-up effect, there will be a convergence between lower-income industrial…