Why are some countries today much poorer than other countries? Are today’s poor countries destined to always be poorer than today’s rich countries? If so, explain why. If not, explain how today’s poor countries can catch up or even pass today’s rich countries.

Q: Population growth prior to the 1900s was limited by what? What is the world’s population today and…

A: 1)Prior to 1900,there was not much advancement in medical technology,therefore deaths would be more…

Q: Do you believe that globalization has created new problems and exacerbated existing difficulties for…

A: Globalization refers to the interdependence of many world cultures, demographics, and economy. It's…

Q: Class, despite the economic progress that the U.S. has observed in the past century, the standard of…

A: Economic progress refers to an improvement in the economic conditions of a country, including…

Q: In 1989, America's GDP per capita was approximately 30,000 (measured in today's dollars). How much…

A: In 1989, America's GDP per capita was approximately $30,000. In 2015, America's GDP per capita is…

Q: Ways to boost productivity?

A: Following are the ways to boost productivity:- 1. By improving employee engagement. 2. By…

Q: real GDP

A: GDP or gross domestic product is the value of the goods & services that are produced within the…

Q: Is inflation likely to be a problem for at least some low- and middle-income economies in the near…

A: Inflation is a major problem in the low and middle income economies as it disturbs the price signals…

Q: According to Adam Smith, where does the wealth of a country come from? What does society need in…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: Explain in detail. How the economy of US changed over years. Is there any economic progress there?

A: The system of producing, distributing, and consuming products and services within a society or a…

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: hat is the ideal number of growth for GDP, unemployment, and inflation?

A: Answer of the solution is given according to the current scenerio.

Q: Draw a production possibilities frontier for a country that produces two goods: capital goods and…

A: (PPF) Frontier of Production Possibilities The production possibility frontier is a graphical…

Q: What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does…

A: GDP per capita is the total output per person produced in the country.

Q: Are high income countries developed countries? Why?

A: The economics as a study is based upon the idea that the resources which the economies, or the…

Q: In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being…

A: GDP is the money value of all final goods and services produced in an economy during a specific…

Q: "Indonesia's economy grew at its fastest pace in six years in the fourth quarter of 2010, and…

A: With a population totaling around 240 million individuals, Indonesia is the fourth-largest country…

Q: In your opinion, why do some countries experience sustained levels of high growth that propel them…

A: When comparing one period of time to the next, economic growth is described as an increase in an…

Q: According to the rule of 72,if the economy of the United Apex Emirates will double in 52 years, at…

A: The rule of 72 is an approximation to figure out doubling time required by an economy with a certain…

Q: Botswana’s population grew by 3.5 percent per year, 1970–80, and by 3.4 percent, 1980–93, while…

A: A standard of living is the level of wealth, comfort, material products, and necessities available…

Q: Why do some national economies grow faster than other national economies?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: Economic theory suggests that we can increase productivity by

A: In economic theory, productivity refers to the output being produced given the input level.

Q: If you had to use one word to answer the question why some countries and rich while others are poor,…

A: There is international inequality in distribution of income and wealth. Some countries are rich…

Q: Is inflation likely to be a severe problem for at least some high-income economies in the near…

A: When an economy faces a continuous increase in the prices of all goods and services, it is said to…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: According to Jason Hickel how do rich countries de-develop?

A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…

Q: Explain in detail what are the differences between an emerging country and a developing country

A: Meaning of Emerging and Developing Country: An emerging country refers to emerging economy and…

Q: does globalization has created new problems and exacerbated existing difficulties for many of the…

A: The Globalisation refers to the integration of world economies on whole. The integration would mean…

Q: The catch up effect means that countries that start off rich tend to grow more rapidly than…

A: Catch up effect implies that the poor countries catch up with rich countries with higher per capita…

Q: hy is there so much unemployment and underemployment in the developing world, especially in the…

A: Unemployment: It refers to the people who do not have jobs to do. Increase in an unemployment shows…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: There are two countries in the world: Happytimes and Treehausland. Both countries currently have a…

A: GDP refers to the sum total of the market value of final goods and services produced in a country…

Q: Per capita GDP is used to measure a country's standard of living. What other economic factors impact…

A: The GDP is known as gross domestic product which is the sum of all the final goods and services…

Q: Propose one explanation for why the fastest-growing region will increase faster than other regions

A: In Democratic government of many countries, it has been seen that there is both public and private…

Q: Why is the population of low- income countries predicted to grow more quickly than the population of…

A: The population rate affects the income per capita GDP. The low-income countries grow differently…

Q: How did the Latin American countries recover from their economic slumps

A: The United States presented the prices, the limits, the taxes, the development planning and…

Q: With three economies, each of which has a GDP per capita of $100. Trend growth in these economies is…

A: GDP per capita is measured as the ratio of total gdp and population . it shows how a person earn…

Q: some countries are rich and some are poor. Explain this situation with "geography"

A: The economic performance of a country is impacted by the geography of that nation. It can also shape…

Q: What are the different indicators-other than per capita GDP (PCI)-which economists in recent decades…

A: Economists use various measures to assess the economic development of a country. This helps them in…

Q: how does happiness influence economic development and GDP through social, economic, and political…

A: Economic development alludes to the cycle by which an economy further develops the prosperity of its…