Please select 2 countries and investigate the relationshipbetween Financial Development and Economic Growth. Inthis project, you are expected to explain the followingissues:1- Why these 2 countries?2- What is the relationship between growth andfinancial development? (Hint: Financial Developmentcould be proxied by the Financial Development Index)While explaining what you found with data, you areexpected to support your findings with at least 3 studiesin the literature.You are limited to a maximum 3 pages.

The objective of this question is to investigate the relationship between financial development and…

Answered: Please select 2 countries and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider a numerical example using the Solow Growth Model, for 2 countries. Country A: d=0.1, s=0.3, n=0.01, z=1, F(K,L)=K0.3n0.7 Country B: d=0.1, s=0.2, n=0.01, z=1.5, F(K,L)=K0.4N0.6 Which Country has a higher level of GDP per capita in steady state? O Country A O Country B Not enough information
As the cost of devices and data plummet, India’s digital population is seeing a surge across many dimensions. Already, ________ (1.2 OR 1.5; Select ONLY one that applies) billion were enrolled in the world’s largest ___________ (data collection program, unique data identity program, OR surveillance system intitivative; Select ONLY one that applies) . Continued mass adoption of digital technologies is expected to have significant economic value to the Indian economy by 2025. Besides core digital services as well as financial services, India looks forward to seeing expanding digitalization transform industries such as ___________ (online shopping, agriculture, OR electronics ). Ultimately, as companies worldwide adopt and integrate new technologies, the ____________ (standards of happines, nature of work, OR ideals of Nirvana) is changing. In conclusion, it seems reasonable to infer that as more and more people become connected, to each other as well as to the grid, the opportunity…
31) Given the narrow interpretation of technology, technology will include which of the following? A) how well firms are run B) the organization and sophistication of markets C) the political environment D) none of the above 32) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the growth rate of output per capita will be greater in B than in A. B) the growth rate of output per capita will be greater in A than in B. C) the capital-labor ratios (K/N) will be the same in both countries. D) the growth rate of output per capita will be the same in both countries. 33) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the capital-labor ratio…
In this problem, we distinguish between labor and population in the Solow growth model. A proportion of the population, a, between zero and one, works. The production function is now written as Y = A(K^1/3)[(aL)^2/3] (a) How does an increase in a from 0.3 to 0.6 change steady state GDP? (b) Does it change the steady-state capital? Explain. (c) Suppose a rises steadily over time. How do you think would affect the growth rate of GDP?
The Solow Growth Model is a model that is often used to explain the theoretical relationship between several factors that determine a country's economic growthcountry.(a) Explain what you know about the Solow Growth Model and what are the most important determinants of a country's long-term growth rate?(b) Within the framework of the Solow Growth Model, how does population growth affect a country's economic growth rate?(c) Still within the framework of the Solow Growth Model, how does technological progress affect a country's growth rate?
2
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for only answer part d.
Paper 1 is part of a 3-paper assignment considering the relationship, if any, between state restriction policies and infection rates. We are interested in this because economists now believe that controlling the pandemic is a key to economic growth. Our ultimate question (Paper 3) is whether state restrictive policies were a useful tool to control infections. But first we need to describe what economists believe concerning the relationship between economic growth and the pandemic, and what the evidence is. That is the purpose of Paper 1. The required elements: Explain the belief that the economy cannot grow unless the pandemic is controlled. This must be based on outside sources which must be cited. Media sources are appropriate. Provide evidence on economic growth in 2021 that shows how the economy changed—considering element 1. This must be cited as well. Media sources and/or data sources can be used.
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate rate. - Inflation rate – Population growth This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists a fictional country's nominal GDP, real GDP, GDP deflator, and population over two years. Year 2019 2020 Nominal GDP $1,100,000 $1,200,000 GDP deflator 100 102 Real GDP (2019 dollars) $1,100,000 $1,176,471 Population 1,000 1,005 a. Verify that the real GDP values in the above table are accurate. Instructions: Round your answers to one decimal place. b. This country's real GDP per capita for 2019 is $ This country's real GDP per capita for 2020 is $ c. The growth rate in this country's real GDP per capita…
Which of the graphs (if any) show a surprising or seemingly incorrect relationship based on what you know about conditional convergence and the Solow model?
Which of the following is a primary reason for convergence? Diminishing returns for capital deepening in developed economies More innovations in developed countries Lower educational achievement of the population in lower income countries Capital deepening combined with technological advances in higher income nations

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