. For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita? What about a middle-income country such as Brazil? A low-income country such as Niger?

Q: An increase in would lead to an increase in long-run economic growth. O a) resources and technology…

A: Economy experiences long run economic growth when its production potential increases.

Q: d. Suppose that society decided to reduce consumption and increase investment. i. How would this…

A: An item or asset that could be acquired with the goal of generation of income or with the motive of…

Q: Suppose that every additional 3 percentage points in the investment rate boosts GDP growth by 1…

A: Gross domestic product, or, GDP refers to the value of all the final products that is manufactured…

Q: Suppose a country's real GDP is $18 trillion and the population is 400 million. Instructions: Enter…

A: GDP per capita is given by the formula:GDP per capita=GDP of the countrytotal population Thus, GDP…

Q: The hockey stick of growth shows us O That environmental damage has increased dramatically in the…

A: Hockey stick of growth is pattern which shows the linear growth in initial phases and after some…

Q: An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534…

A:

Q: Suppose that 25 yean ago a country had nominai GDP of 1000, a GDP deflator of 200, an opulation of…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

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: Assuming that real GDP per person is a good measure of living standards, between 2016 and 2017,…

A: The worth of all goods and services produced by an economy in a given year is estimated using the…

Q: 5. Explain, using an example, how policies aimed at increased GDP affect: a) Economic growth. b) A…

A: Answer: Demand-side policies that lead to an increase in GDP are expansionary fiscal policy and…

Q: a. What was the average of these growth rates in Econoland over these five years? Instructions:…

A: The average annual growth rate is found by taking the average of combined growth rates = (5 + 2 -1 +…

Q: As an economist, what role do you see of markets in facilitating economic development? What are the…

A: Financial-markets and institutions provide an opportunity where the savers can invest their money in…

Q: 2 reasons why government should emphasize economic growth as a part of it's mandate?

A: Economic growth can be defined as the rise in the aggregate production of the economy which shows…

Q: Suppose that work hours in New Zombie are 200 in year 1 and productivity is $14 per hour worked.…

A: a.) New Zombie’s real GDP can be calculated as follows: Thus, the year 1 real GDP is $2,800

Q: Refer to the figure below and assume that the values for points a, b, and c (the combined value of…

A: At point a = $20 billion point b  = $40 billion point C = $36 billion

Q: e government can't only choose increasing either education or health expenditure in order for…

A: Education and healthcare are two pillars of human development in any country.…

Q: a. Given a per capita production function ofy= k^0.5, a savings rate of 10%, a depreciation rate of…

A: Solow Model depicts the long run equilibrium position attained by an economy at which the growth…

Q: In 2015, approximately 59 percent of the adult population (250 million) was employed, among the…

A: The employment rate is used to measure the proportion of a nation's working-age population currently…

Q: According to the rule of 70 and 72, a 10% annual increase in real gdp would lead to a doubling of…

A: The rule 70 is an easy method of determining the time period required to double the Real GDP of the…

Q: The following table shows the GDP per capita of various countries for the years 1960 and 2010 in…

A: *Answer:

Q: In Ghana, the capital share of GDP is about 40 percent, the average growth in output is about 2…

A: An economy is in a steady state when its variable remains unchanged with the flow of time. The…

Q: Real GDP per capita in the U.S. In 2021 Is roughly $59 ,000. Suppose that the US. government expects…

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

Q: Suppose that the annual rates of growth of real GDP of Econoland over a five-year period are as…

A: here we calculate the average growth rate of the following , so here by using the information from…

Q: 4) if GDP doubles in 15 years, what must be the average annual rate of growth? (Use the precise…

A: For a particular national economy, the yearly average rate of change in the gross domestic product…

Q: What is linear stages of growth model in ecomonics? Explain by your own understanding

A: Linear stages theory - This a historical growth model given by Walter Whitman Rostow in 1960. His…

Q: t (years since 2008) GDP (trillion dollars) 0.25 0.5 0.75 1 14.67 -14.81 14.84 14.55 14.38 (a)…

A: Relative change is computed by subtracting the value of the indicator in the first period from the…

Q: Which of the following statements is (are) problems associated with economic growth? O a. Growth of…

A: GDP(GROSS domestic product) is the sum of value of goods and services that are produced in an…

Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate…

A: Answer; Here we will use Rule 70 :   Number of years to double = 70/Annual growth rate%…

Q: In Ghana, the capital share of GDP is about 40 percent, the average growth in output is about 2…

A: Given Information GDP Production function is Cobb-Douglas when the capital's share of income is α =…

Q: If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual…

A: The gross domestic product (GDP) is defined as the market value of all the goods and services…

Q: What are the main drivers of economic growth in real incomes per head? b) Why does a higher…

A: Economic growth is often referred to as the increase in real GDP from one period to another. GDP is…

Q: E3

A: An economic system is a way for societies or governments to organise and distribute available…

Q: In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in…

A: GDP is the indicator utilized across the globe to demonstrate the wellbeing of a country's economy:…

Q: if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately…

A: In an economy, when the real GDP is increasing at a specific rate every year, the time ay which it…

Q: What are the potential negative effects of growth in recent decades and in the foreseeable future?

A:

Q: QUESTION 10 Consider the scenario given in the table below for two economies, Economy X and Economy…

A: According to the information provided above : Production function : Y = A*KakN Change in Capital :…

Q: Assume a hypothetical society that decides to reduce consumption (production of consumption goods)…

A: Production of capital goods and consumer goods in an economy should be complementary to one another,…

Q: ssume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

A:

Q: the years 1960 and 2010 in PPP-adjusted 2005 dollars. The table also contains the implied growth…

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…

A: Changes in the level of gross domestic product per capita account for a large part of people's…

Q: A country’s per-capita nominal GDP is growing at 5%, its price level is growing at 3% and its…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Implied (average) annual growth Country GDP per Capita ($) 1960 2010 United States Singapore China…

A: Here, the given table provides information about the GDP per capita in 1960 and 2010 in various…

Q: Q4; what are the key factors for long-term economic growth according to Economic historians?

A: Economic growth is defined as an increase in the production of goods and services in an economy. It…