According to Acemoglu and Robinson, extractive institutions are often able to generate some economic growth, but are usually unable to generate sustained growth accompanied by "creative destruction True False
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- Using the slow growth model, a higher savings rate produces a temporary increase in the growth rate, but not a permanent increase True FalseHow GCC countries can avoid negative economic growth?Which of the following is NOT a method for promoting global economic growth? Count on the world’s governments to develop policies that promote economic growth in developing nations. Reliance on private markets to direct capital goods toward their best use. Encourage population growth so that developing nations’ labor supply increases. Market based approach.
- List the factors that account for increases or decreases in productivity growth rates.Answer if true or false. • Due to trade-off, Capital & Income has an inverse relationship. • With the absence of savings, countries has no way to increase growth. Thus, going into a vicious circle.We consider a developing economy during two successive relatively short periods (5 years for example). During the first period according to national account statistics GDP average growth rate is computed as 7% and employment average growth rate as 3%. A growth accounting analysis estimated the capital stock growth as 10 %. in the second period those average growth rates are for GDP 3%, for employment 2% and for capital stock 4%. Calculate the contributions of TFP to GDP growth in both periods as well as the contributions of the capital stock and labour growth rates in each period. Alpha=0.4 lüp
- What is the inflation of higher savings on economic growth classify as? a. Marco, examining one sector in economy b. Marco, examining one firm in economy c. Macro, examining entire economyConsider a country that is initially in steady state. Suppose the saving rate increases. Moreover, the population growth rate increases by 1% but the capital depreciation rate falls by 1%. According to the Solow–Swan model, the per capita capital stock increases, and the country moves to a new, highersteady state level of per capita income.Answer true, false, or uncertain. Please briefly explain your answerAccording to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not?
- When using AD/AS analysis to illustrate changes within an economy, which of the following would NOT need to be considered when looking at changes to economic growth? Select one: a. More efficient use of the capital stock b. Developing a more efficient capital and finance sector c. Increased labour productivity d. Increased availability of social capitalThe following table shows the GDP per capita since 1820 in selectedcountries (in PPP-adjusted 2005 dollars). 1. Identify the countries that experienced sustained growth between 1820and 2010.The Solow–Swan growth model with constant technology predicts: a. ongoing growth in per capita capital stock k b. an end to growth in per capita income y as countries reach their steady state c.ever-increasing growth in per capita income y d. ongoing growth in per capita income y