ar The twentieth century saw unprecedented growth in O the United States; Western Europe O Western Europe; India the United States; Africa O the United States; India Western Europe; Africa NECOMA3 I..pptx PRINECOMA3_I...pptx
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- What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?What policies can the government of a free-market economy implement to stimulate economic growth?Why dues productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not?
- Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity intheUKgrows3%peryear.Afterfiveyears,whowill have the higher productivity level, and by how much?if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately 1. 41.1 years 2, 20.6 years 3, 10.3 years 4, 72 yearsAnswer and Explain in Philippine's Context 1. What form or combination of political institutions is required to enhance economic growth? 2. Do political institutions affect economic performance regardless of any preconditions or stages of economic development? In other words, does a new democracy tend to perform as well as a consolidated, or well-established, democracy if their political institutions run similarly?reference:https://drive.google.com/file/d/17GWtQrkypD1hQ_oaBzaGEk-BvopP19pK/view?usp=sharing
- Anawer the ff. questions. 1. How can industrialization or innovation help end the poverty cycle? 2. How can infrastructure development and industrialization be more inclusive of Indigenous perspectives and rights? 3. How does government corruption affect infrastructure development and industrialization?a. What do you understand by Real GDP? What is the Real GDP Growth Rate of India andChina in 2019? What is the estimated real GDP growth rate of India and China in 2020?What is the projected real GDP growth rate of India and China in 2021 and 2022? b. What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels(January 2020 forecast) in China and Other Emerging Economies in Asia other thanChina(c) "Many believe that the main objective of government economic policy should be to increaseproductivity and economic growth."Using the data above and your economic knowledge, critically evaluate this statement by providingTHREE reasons for and THREE reasons against. Ensure that you provide a relevant real-worldexample from the Bahamas economy to support EACH point.
- Answer the below questionsa. What do you understand by Real GDP? What is the Real GDP Growth Rate of India and China in 2019? What is the estimated real GDP growth rate of India and China in 2020? What is the projected real GDP growth rate of India and China in 2020 and 2022?b. What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels (January 2020 forecast) in China and Other Emerging Economies in Asia other thanChina?. Suppose that society decided to reduce consumptionand increase investment.a. How would this change affect economic growth?b. What groups in society would benefit from thischange? What groups might be hurt?a) the profit maximizing decisions of an individual manufacturer. b) economic growth. c) the rate of inflation. d) the rate of unemployment. Question 2. When nations desire a healthy macroeconomy, they typically focus on three goals, one of these being: a) low inflation b) balanced budget c) prudent monetary policy d) assuring competition between firms Question 3. If macroeconomics looks at the economy as a whole, it focuses on which of the following? a) the division of labor b) households c) business firms d) unemployed people Question 4. In the ______________, households receive goods and services and pay firms for them. a) goods and services market b) labor market c) financial capital market d) savings market Question 5. Which of the following is included in the calculated Gross Domestic Product? a) Farmer Freddie sells his second tractor to his son. b) Suzanne buys a love seat and chair for $85 at the yard sale on the corner. c) A local ice cream store sells…
