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i badly need help
1. define
2. What are the roles that internet, pandemic, financial institutions, and entrepreneurship played in shaping economic growth performance?
Step by step
Solved in 3 steps
- What are the advantages of backwardness for economic growth?Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the growth rate of real GDP per capita? Explain.There are non-economic factors that will either lead to economic growth or create hindrances to growth; choose 2 of these factors to discuss and explain... use examples.
- What are the ways in which a government policymaker can try to raise the growth in living standards in a society? b. What is the relevance of productive and allocative efficiency to the growth process?c. What is meant by economies of scale and what is the importance of this concept to economic growth?Describe the role energy plays in economic growth.a. What are the ways in which a government policymaker can try to raise the growth in living standards in a society? b. What is the relevance of productive and allocative efficiency to the growth process? c. What is meant by economies of scale and what is the importance of this concept to economic growth? Provide references where applicable
- A. How is economic growth measured? B. Why is economic growth important? C. If a country's economy grows at an average rate of 14 percent per year, how many years would it take to double?Explain how an economy can achieve sustainable economic growth and analysethe different methods of measuring economic growth?3. Write down and discuss the three stylized facts about economic growth in the cross-sectional dimension.
- Describe the modern economic growth. List the FIVE (5) public policies thatrelated to economic growth.1. Over the period from B.C. 10,000 to A.D. 1, the world population is estimated to have increased from 4 million to 170 million, while the level of income per capita was constant over time. Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the growth rate in productivity over this period. What was the annual growth rate of productivity, A?