How can the study of macroeconomics help a country's economic managers? O a. All of these are correct O b. It helps to bring stability in price level and analyses fluctuations in business activities O c. It explains factors which determine balance of payments O d. It helps to achieve the goal of economic growth, a higher GDP level, and higher level of employment

How can the study of macroeconomics help a country's economic managers? O a. All of these are correct O b. It helps to bring stability in price level and analyses fluctuations in business activities O c. It explains factors which determine balance of payments O d. It helps to achieve the goal of economic growth, a higher GDP level, and higher level of employment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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• The economic growth measures the ____. a. increase in PPP b. increase in education index c. increase in output d. none of the above • According to Rostow, which of the following constitute pre-conditions for take-off? a. Investment rate increase b. Universal primary education c. Development of one or more manufacturing sectors with a high growth rate d. First and second choice e. First and third choice
Differences amongst countries in their standard of living can be attributed to differences in Select one: O a. skills, physical capital, technology, and institutions. O b. culture, location, education, and work ethic. O c. natural resources, capital, land area, and population size. O d. population size, technology, and productivity. O e. political system, natural resources, and unselfish businesses.
K The new growth theory argues that A. improvements in technology are not so important in determining economic growth because there are almost no productivity gains left in the economy. O B. for new technology to positively affect economic growth, the benefits from R&D activity must all accrue to the country that performs the R&D. OC. technology must be considered a separate factor of production that is sensitive to economic incentives. OD. economic growth is determined by technology, but growth in technology is unrelated to economic incentives.
economic system influences the way in which a country's economic activities A country's economic system dictates how resources are allocated, what goods a services are produced, and how these goods and services are produced. A coanty the centrally planned economic syste In a planned the economi whom to pre planned ece organised and how businesses operate. learn about: Three main economic systems are use advantages throughout the world. They are; Origins The conce the free market economic system receive m the mixed economic system. proposed factors o The roles of the government, entreprene the goo and labour are different in each of the economic systems. In the units that follo vou will learn more about the origins ana After th impler even characteristics of these three economic we km centr systems. econ of a country dictates what goods are produced. Ch. The Activity 2.1 Define an economic system Explain the economic problem of scarcity. Identify three economic questions that have to be…
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Pls help with below homework. Define economic growth and explain what it means in terms of standards of living. Pls write in simple words.
As long as a country has high GDP growth rate, it can be categorized as an emerging market economy. A. True B. False
Which of these is NOT a factor of economic growth? decrease in the savings rate O investment in human capital increase in the size of the labor force O increase in the capital stock
1.What are the main challenges in achieving sustainable economic growth in developing countries? Don't use chatgpt otherwise give 10 downvotes 2.
13. Economic development in middle-income countries is most likely driven by ____. Pick one. A. high inflation B. low unemployment rates C. high rates of private saving
9. Which of the following will cause an increase in the level of output per worker in the long run? A. an increase in the saving rate B. a reduction in the depreciation rate C. an increase in the stock of human capital D. all of the above