According to Adam Smith, where does the wealth of a country come from? What does society need in order to enable the growth of wealth?

Q: Why does not more capital flow from rich countries to poor countries?

A: The movement of funds employed for productive economic purposes is referred to as capital flow. It…

Q: Why is economic growth necessary for reducing poverty and inequality

A: Economic growth refers to process of increasing the total production of goods and services in an…

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: what causes two country to have similar investment but different growth rate

A: There are many factors which affects growth rate of any country besides the investment.

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: Discuss five (5) ways which the country can do to increase its savings rate.

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

Q: Discuss the factors that determine whether the standard of living in a country will be high or low.…

A: In economics, the standard of living refers to the basic amenities which are available to the people…

Q: Standard of living of a country can be raised if it increases Labour force

A: To find : Which is reason for increase in standard of living of a country.

Q: Does a country need to be well endowed with natural resources in order to experience rapid long-term…

A: Economic growth refers to the increase in the amount of goods and services produced in the economy.…

Q: What are some of the other ways of comparing the standard of living in countries around the world?

A: The standard of living is a very broad concept in economics as it includes both the physical as well…

Q: Why do some national economies grow faster than other national economies?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: Are rapid economic growth and more equitable distributions of income compatible or conflicting…

A: The reasonableness of the market system might assist with keeping the pay appropriation genuinely…

Q: household savings in ghana: does economic policy matters? briefly discuss three economic policies…

A: Savings is very important for economic development. Consumption also increases with the increase in…

Q: Economic growth is most affected by: a. money supply b. discovering natural resources c.…

A: By comparing one period of time to the next, economic growth refers to an increase in the output of…

Q: Discuss public policies that can facilitate economic growth in a country.

A: Public policy refers to the policies and program adopted and implemented by the government in order…

Q: According to Jason Hickel how do rich countries de-develop?

A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…

Q: Explain in detail what are the differences between an emerging country and a developing country

A: Meaning of Emerging and Developing Country: An emerging country refers to emerging economy and…

Q: What does the level of a nation's GDP measure?What does the growth rate of GDP measure?Would you…

A: As per national income accounting, the income earned by an economy during a period can be gauged by…

Q: Give an example of a country where the political stability lead to strong economic growth. Explain…

A: As the exact question number is not mentioned, we will answer only the first question. If you like…

Q: Consumers read positive economic news and then expect strong future economic growth

A: In this scenario the consumer spending increases, which helps the economy maintain its boom.

Q: The main factor that separates wealthy from poor countries is     A.) Differences in productivity…

A: Rich countries are those which have a high level of GDP and per capita income. Poor countries are…

Q: Would you rather live in a nation with a high per capita GDP and low growth rate, or in a nation…

A: Answer in Step 2

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: Mention two factors which cause the rapid growth in population in South Africa

A: South Africa is a nation of 60 million people (estimated). It is very interesting to know that its…

Q: Discuss the following quote from the article by Jason Hickel: ‘Instead of pushing poor countries to…

A: The development industry claims that through spreading western, neoliberal capitalism across the…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: How might inequality lead to faster growth or development? How might it lead to slower growth or…

A: The rise in inequality levels leads to transferring of income to higher-saving households being at…

Q: if two countries have the same Savings rates why is there  Growth rates different?

A: Economic growth is one of the major goals for all the economies across the world. The development of…

Q: what causes two countries to have similar savings rates but different growth rate

A: Savings rate is the necessary condition but not sufficient condition for growth.

Q: Why is saving important for economic growth and development

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Which world region has the lowest population growth rates?

A: Europe has the lowest population growth rates.

Q: What measure of economic development that is used most often to classify nations as industrially…

A: Real per capita income is one of the major economic development that is used most often by the…

Q: What are three public policies that can facilitate economic growth in a country's economy?

A: The Gross Domestic Product (GDP) is the summation of the final value of all the final goods and…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…

Q: Over a ten year period, country A and Country B had the same saving rates, but the result of the…

A: Economic growth of a country judged through GDP growth rate. The components of GDP are Consumption…

Q: how higher saving in a country leads to a higher growth rate in that country.

A:

Q: you give a choice to live in a country with high level of GDP and low growth rate or to live in a…

A: GDP- is the value of everything that is produced within the boundaries of a country in a particular…