Activities that encourage faster growth are Select one: O a. taxes on saving that serve to encourage more spending and less saving. b. high levels of consumption and low levels of savings. O c. developing trade barriers to protect national industries. d. investment in new capital and human capital.
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- What is capital deepening?a. How much more output does the $22 trillion U.S. economy produce when GDP increases by 1.0 percent? in BILLION not .22 b. By how much does this increase per capita income if the U.S. population is 340 million?dont chatgpt i will 5 upvotes Which of the following economic news items suggests a less favourable environment for investment? Select one1: A. Rising interest rates B. The Government lowers personal income tax C. GDP growth has increased D. All of the conditions suggests a less favourable environment for investment E. All of the conditions suggests a more favourable environment for investment
- An increase in the initial stock of knowledge: Suppose we have two economies—let’s call them Earth and Mars—that are identical, except that one begins with astock of ideas that is twice as large as the other: A Earth 0 = 2 × A Mars0 Te two economies are so far apart that they don’t share ideas, and each evolves as a sepa-rate Romer economy. On a single graph (with a ratio scale), plot the behavior of per capita GDP on Earth and Mars over time. What is the efect of starting outwith more knowledge?Please Draw a diagram for Saving and Investmetn in a small open economy. Assume the world real interest rate is BELOW the closed equilibrium interest rate for a random country that you drew. Is this country a foreign borrower or foreign lender in the world? Please explain what the intuition for the investment and savings functinos.. Like the say for a Home investors and the Home savers. Please draw out an image i am a visual learner and that is what will help me understand it best.explain 1.Orthodox or conventional economists say that to address unequal growth between the rich and thepoor, the world economy needs to grow more. Do you agree with this idea? Why or why not? 2.What does the term “de-develop” mean? Is it a positive or a negative idea? 3. According to investopdia.com, a steady-state economy is an economy structured to balance growt hwith environmental integrity, seeking to find an equilibrium between production growth andpopulation growth. This type of economy aims for the efficient use of natural resources but alsoseeks a fair distribution of the wealth generated from the development of those resources. Is thistype of economy more plausible than continued, unlimited economic growth? Why or why not?
- Please the answer correct please ASAP Don't answer by pen paper please. he golden rule level of capital refers to: Question 19Answer a. the level of capital that maximises output per worker. b. the level of capital that maximises the standard of living. c. the level of capital that maximises the level of output in the steady state. d. the level of capital that maximises consumption per worker. e. the level of capital that maximises consumption per worker in the steady state.Exercise 2: Growth and developmentCountries 1 and 2 have the production function: Yt = AiKαt L1−αt , where country 1 hasTotal Factor Productivity (TFP) of A1 = 25, country 2 has TFP A2 = 100, and α = 0.35for both. In the two countries population is constant and there is no technological progress.Every year capital depreciates by 6% in both countries. Country 1 saves 40% of output, andcountry 2 saves 20%.a) Write down the function of production per unit of labor. Suppose the two countriesstart with an initial capital stock (per unit of labor) of 500, what are the initial income andconsumption per unit of labor in both countries?b) Determine their steady state levels of capital, income and consumption per unit oflabor.c) Determine the difference in their steady state level of income per unit of labor, andhow much of that difference is due to differences in TFP and how much is due to differencesin capital per unit of labor.d) Suppose now that country 2 suddenly has access to the country 1…Economics (1) Which of the following is an example of what growth economics calls institutions?a. private technologyb. mountainsc. well-regulated markets.d. television programminge. incentives (2) What function of money is highlighted when I write a check to a school to pay for my child’s tuition costthis semester?a. fiat moneyb. medium of exchangec. unit of accountd. store of valuee. commodity money (3). The deficit measures ____________ over a year, while the debt measures ___________ at a point in time:a. The accumulated stock of government spending; the accumulated stock of borrowingb. The flow of new borrowing; the accumulated stock of borrowingc. The flow of government spending; the flow of new borrowingd. The accumulated stock of borrowing; the flow of new borrowinge. The flow of government spending; the accumulated stock of government spending (4). The minimum wage is often offered as a possible way to address the income gap. There is, however, apossibility that a minimum wage…