1. What do you think are the reasons why every country has different levels of economic development. 2. Which among the economic measurement is important in determining the economic development of our country.

Q: when refer to the real GDP growth table, some states had the fastest annual economic growth. Discuss…

A: when refer to the real GDP growth table, some states had the fastest annual economic growth. Discuss…

Q: . What are the differences and/or similarities if there is between economic growth and economic…

A: Economic growth and Economic Development sound quite similar but the terms are different. Both of…

Q: Outline how ONE (1) measure that the Human Development Index is used to promote: i. economic growth…

A: Human Development index is defined as the measure of average achievement of the parameters: Life…

Q: Which countries will have a better standard of living? a. Those in poor countries b. Those with low…

A: Developed countries has higher GDP per capita which means that the output produced by people of…

Q: During 2020-21, the national income of India declined by 7.5%. What could be the main reasons and…

A: The Reserve Bank of India recently projected 7.5% contraction or decline in national income. The…

Q: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: Productivity determines how efficiently resources are employed within an economy. Productivity shows…

Q: Explain the relationship of ‘innovation’, ‘geography’ and ‘education levels’ relative to the rate of…

A: Innovation means the development of ideas and technologies that help in improving the production of…

Q: Write a two-page summary of possible solutions to continue economic growth without damaging the…

A: A meaning of sustainable development can be: to meet the essential requirements of individuals today…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: Productivity is a proportion of economic execution that looks at how much labor and products are…

Q: What are 3 economic indicators that are important to evaluate the economic situation of a country

A: Unemployment is the situation in which an individual is seeking a job and unable to find one.

Q: definition of economic development, How should it be measured?

A: Economic development- The process of transforming simple and low-income economies into modern…

Q: By giving examples, explain the steps on how a government should chart the path towards sustainable…

A: The economy that entails markets providing incentives in order to reuse products instead of…

Q: Aside from the GDP, what other measures may we use to better understand the level of development of…

A: Economic Development refers to the improvement in the living standard and quality of life eg. Life…

Q: According to Malthus, how does economic growth and population relate to each other?

A: Economic growth models are designed to show how growth in capital stock, increase in the labour…

Q: Explain why GDP per capita comparison among nations are not a perfect measure of differences in…

A:

Q: Identify the factors which are the drivers behind a countries rate of growth. Describe the relevance…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: 1. What is the metric we use to measure economic growth? China? 2. From 1990-2009, what was the…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Explain why Gross national income (GNI) is per capita is not a good measure of development

A: Gross National Income:- The aggregate amount of income generated by a country's population and…

Q: 1. The objective of economic development is to raise the levels of living, it means a. provide…

A: 1. Economic development refers to initiatives, policies, or actions aimed at improving a community's…

Q: Nnominal GDP or real GDP provide more accurate picture of the growth in a state? why also explain…

A: In an economy, total output is measured in two ways to explain the growth using different…

Q: 3. Which of the following is not one of the three terms used to describe and compare the level of…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: write a note by comparing Per-capital GDP and Human Development Index as a measure of Standard of…

A:

Q: Explain FIVE (5) costs of economic growth.

A: Economic growth refers to an increase in the value of goods and services produced in an economy over…

Q: Two students are discussing the pros and cons of different measures of economic development.  “GDP…

A: The productivity of a nation's workforce gives an idea of the amount of output produced with the…

Q: 1 of 10 In 1980, Denmark had a GDP of $70 billion (measured in U S. dollars) and a population of 5.1…

A: here we can find the GDP per capita rise by following method

Q: Country Real GDP (millions of dollars) Population (millions of people) Country A $3,850 9.05…

A: The gross domestic product(GDP) of a country represents the total output produced by the country. It…

Q: What are the 15 economic growth indicators

A: Economic growth refers to the situation where there is an increase in the amount of goods and…

Q: 1. What measures can the poorer countries take to accelerate their growth to bring their standards…

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

Q: (a) Total output per hour in each year (b) Growth rate in output per hour in each year (c)…

A: Productivity of labor is the output produced by labor in given period of time.  Productivity can be…

Q: Give an example of why property rights and political stability are important for a nation's economic…

A: There are very good examples of how political stability is most important for the countries economic…

Q: 5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population was 150…

A: Here we calculate the Real GDP of both nation and conclude the higher real GDP by using the given…

Q: Define economic growth and explain what it means in terms of standards of living

A: Standard of living alludes to the degree of riches, solace, material merchandise, and necessities…

Q: 36. Which of the following will help to increase a countrys human development? a. A decrease in…

A: Human development refers to the expansion of richness in one's life. It can come from increased…

Q: Describes economic growth and explain FOUR (4) public policies that can promote economic growth.

A:

Q: 3. Which of the following is not one of the three terms used to describe and compare the level of…

A: Here, they are asking about comparing the level of economic development in a country.

Q: List and discuss at least three significant contributions a government can make toward a country's…

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With…

Q: How do gains in worker productivity lead to gains in per capita GDP? What is an aggregate production…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: Explain the important factors that stimulate the growth of economy

A: According to the given question Growth in economics means transformation or a movement of a economy…