What is the best way to measure the rate of economics growth? O a. By the annual percentage change in nominal GDP

Q: A company's wages and salaries are part of its value added. Suppose, however, that the cleaning and…

A: When a company contracts out work that was previously done by its own employees, the company's value…

Q: Money is O government bonds and stocks. any assets widely used and accepted as payment. O bank…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1. Enrico Moretti's chapter titled "The Great Divergence" contrasts the economic growth trajectories…

A: The relocation of companies and industries can have a significant impact on the economic growth and…

Q: Year 1960 1970 1980 1990 2000 Real GDP per Capita $1,571 2,777 4,830 9,959 15,881 (Table: South…

A: Real GDP per capita is obtained by dividing the Real GDP of an economy with its population. It…

Q: Suppose you are interested in the hypothesis that internet access is a significant contributor to…

A: Gross Domestic Product (GDP) is a monetary measure that represents the total value of all goods and…

Q: 3.7 points Save An Assume that real GDP per capita in Country X is currently $50,000 per person.…

A: Real GDP: It refers to the actual amount of GDP of the economy. It shows the rate under which the…

Q: Which of the following movements on a Production Possibilities Graph would represent economic growth…

A: PPC is Production Possibilities Curve. It represents production of two goods given the resources and…

Q: 2. An economy has a production function: Y 3KtLt. (1) The economy has a saving rate of 24 percent, a…

A: Hey, Thank you for the question. According to our policy we can only answer upto 3 subparts per…

Q: Describe the gaps between real GDP per person in Canada and in other countries. For which countries…

A: The gaps between real GDP per person in Canada and other countries vary depending on the country in…

Q: Why does higher worker productivity not necessarily mean GDP per capita will rise? O GDP per Capita…

A: Increased productivity and GDP growth rate are closely linked together but are these are not…

Q: 1. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked.…

A: Work hours = 2000 Productivity = $8 / hour in year 1 GDP in year 1 = Work hours * Productivity GDP…

Q: a. Some entrepreneurs develop new products or ways of doing things. O True False b. All successful…

A: Answer in Step 2

Q: The economy in FIGURE 4, experiences economic growth when it goes from FIGURE 4 Steel From point A…

A: In this case, we have to discuss the production possibility frontier. Production possibility…

Q: Suppose the government runs fewer budget deficit and there is a decrease in the average household…

A: Here, it is given that government has fewer budget deficit, which influence the demand for loanable…

Q: Need help with putting the peak and trough.

A: Business cycle shows the fluctuation of the economy between the period of growth and recession. Peak…

Q: GAP PER 01 IF 2020. USE A. WHAT CAPITA WILL S SAST.450d B WHAT IN THE APPROX 63,00 THE GROWTH…

A: The gross domestic product refers to the total output of finished commodities produced in an economy…

Q: What is the relationship between economic prosperity and democracy? O The probability that a new…

A: The question is asking about the relationship between economic prosperity and democracy. It mentions…

Q: The per capita output of an economy is likely to increase if: O a. the government manages the…

A: In an economy, per capita output refers to the average quantity of output available for an…

Q: QUESTION 14 The main cause for the vast differences in per capita GDP levels seen across the globe…

A: Definition: The GDP is the completion of all worth-added made in an economy. The worth added implies…

Q: The benefits of economic growth, particularly as measured by real GDP per capita, include greater…

A: Answer -1  For the vast majority of people, the benefits of economic expansion as measured by Real…

Q: If the value of the goods and services a country produces decreases while its population stays the…

A: Given that the value of the goods and services a country produces decreases while population stay…

Q: Which statement regarding sustainable economic growth is true? O a.) Sustainable sources of growth…

A: Sustainable economic growth refers to the pace of growth that an economy can maintain over the long…

Q: Over the past 100 years, in the United States the average growth rate of, grew at a faster rate than…

A: Gross domestic product (GDP) refers to the total value of all the final goods and services that…

Q: When economists speak of "long-run economic growth, they mean increasing the Select one: O a real…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…