Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Question

Want to see the full answer?

Answer 1

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Provide a recommendation of a combination of different methods of performance data that could be used to arrive at an overall score for each person being rated in cigna Accredo pharmacy. Explain the comprehensive system you have recommended and why you have chosen this combination of tools. Support your answer with research.

Already got wrong answer Plz Don't use chatgpt

The RTY calculation for the following process steps would be: A ➡ ○ A.YA+YB+YC+YD OB. (YA)(YB)(YCYD) OC. ((YA+YB+YC+YD)/4)*4 ○ D. (1/YA)+(1/YB)+(1/YC)+YD B C D

Answer 2

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Answer 6

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Answer 7

Chapter 1, Problem 5SQ

Summary Introduction

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1 - Prob. 1SQ Ch. 1 - Prob. 2SQ Ch. 1 - Prob. 3SQ Ch. 1 - Prob. 4SQ Ch. 1 - Prob. 5SQ Ch. 1 - Prob. 6SQ Ch. 1 - Prob. 7SQ Ch. 1 - Prob. 8SQ Ch. 1 - Prob. 9SQ Ch. 1 - Prob. 10SQ

Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Solution Summary: The author explains the importance of population size in economic development. Large population contributes to surplus labour which is one of the key elements to economic growth.

Concept explainers

To determine: Importance of population size in economic development. Can population size be disadvantage to economic growth and why the age distribution is important?

Want to see the full answer?

Chapter 1 Solutions