Answered: Que 12: Providing social security,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a. In addition to investment in physical and human capital, what other public policies might a country adopt to increase productivity? b. Compare and contrast the population theories of Malthus and Kremer.
Examining the sub-national variation in development for many countries, such as Brazil, China, or Mexico, reveals O development is closely related to access to energy supplies. O there are no substantial variations in wealth at the regional scale. variations exist between regions that are isolated and those connected to international trade. O wealth is concentrated in the cooler, mountainous regions. cities are relatively underdeveloped compared to the agricultural lands. Clear sele
Suppose, a country X has a GDP level of 4, 50,000 and a growth rate of 10% in 2007(calculated at the end of the fiscal year 2007). The experts predict that the growth ofthe economy of Country X will gradually slowdown in the coming years. Moreprecisely, they foresee the following growth rates for the future:2007 – 2010 = 10%2010 – 2013 = 9%2013 – 2016 = 7.5%2016 – 2019 = 5%2019 – on = 1% Hint: The list above should be read as saying that, for instance, the growth rate fromthe end of the fiscal year 2007 until the end of 2010 will be 10 %, then from the end of2010 until the end of 2013 it will be 9% and so on. Assuming that the predictions of the experts listed above are accurate, when in thefuture will Country X’s GDP double compared to the GDP level of 2007? Consider now the more optimistic scenario in which the economy does not slow downand the current growth rate of 10% remains constant in the coming years. How longwill it take for the GDP level to double in this scenario? Express…
1. Assume that there are two countries with the following characteristics. Per capita Output Y = A.kª.h¹-a A-technology k-per capita physical capital h-per capita human capital a-0.6 Country A with $500 per capita income saves 25% of its output and invests on physical capital, and 25% on investing in human capital. Country B with $5000 per capita income saves 25% of its output and invests on physical capital, and 35% on investing in human capital. a. What are the growth rates of the two countries? b. What will be the per capita income levels after 5 years? c. Will there be convergence on the per capita income in the future?
2: One consistent pattern of economic development for most rich countries is that the share of their labor force in agriculture and the share of their GDP from agriculture steadily declined as their total GDP per capita increased. Developing countries today should infer from this pattern that: [Select one] They should try to reduce the number of workers in agriculture in order to grow their economy. They should favor and focus primarily on promoting non-agricultural sectors since they are the most important sectors in developed countries. Both a and b. None of the above.
2 Explain why the Least Industrialized Nations have so manychildren, consequences of rapid population growth, populationpyramids, the three demographic variables, and problems inforecasting population growth
C12. Providing social security, especially to those working in unorganised sector, is an important requirement to achieve the goal of inclusive growth. Discuss. 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 sure.
What the government can do overcome or at least minimize the problems to reduce the gap of life expectancy between the communities! Explain with detail!
The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?
1.What measures can LDC government takes to increase net capital formation as a percentage of national income? 2. How useful is the Lewis model in explaining early growth in capital formation in developing countries?
3. a. What does Mankiw believe is the most important explanation of income differences among countries? b. What components does he argue determine this quality? c. Are there any steps the government can take to improve this quality over time?

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Que 12: Providing social security, especially to those working in unorganised sector, is an important requirement to achieve the goal of inclusive growth. Discuss..