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- Are rapid economic growth (as measured by either GNI or per capita GNI) and a more equal distribution of personal income necessarily conflicting objectives?Growth rates of per capita GDP: Compute the average annual growth rate ofper capita GDP in each of the cases below. Te levels are provided for 1980and 2014, measured in constant 2011 dollars.11Assess one (1) problem associated with using gross domestic product as an indicator of economic growth.
- KINDLY ASSIST “Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domesticproduct (GDP) averaging around 4% in 2023 and 2024”. Which of the following is a common characteristic of a country in Africa?A. High levels of industrialization and advanced technology.B. A well-developed and diversified service sector.C. High per capita income and living standards.D. Limited access to basic healthcare and education for a significant portion of the population.You have just conducted a growth accounting exercise for one Eastern European country. Your results show that during the period 2002-2007 the growth rate of per capita GDP was 5.9% where the contribution of capital was 4% and the contribution of workers was 1.4%. What was the contribution of TFP?Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that the capital per effective worker ratio (K/NA) is 1. growing at a rate of δ + gA + gN. 2. growing at a rate of gA + gN. 3. growing at a rate of gN. 4. growing at a rate of gA. 5. none of the above
- Explain why in the period of 2014-2018 the TFP contribution to GDP growth diminished to 0.8 percentage points the lowest scored observed in Turkish economic history while Log K is at 7.2%, a very high growth score?effect of fiscal and montary policy on economic growth in ZimbabweTurkish growth performance in 1980’s Explain why in the period of 2014-2018 the TFP contribution to GDP growth diminished to 0.8 percentage points the lowest scored observed in Turkish economic history while Log K is at 7.2%, a very high growth score?
- Which of the following is a potential "cost" associated with economic growth? a. Greater power held by the government. b. Less income for people. c. Greater inequality of income distribution. d. All of the above. e. None of the above.The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy President Phumzile Mlambo-Ngcuka in February 2006. After research and discussion with stakeholders, government identified six “binding constraints on growth” that needed to be addressed so as to progress in its desire for shared growth and to achieve its target of halving unemployment and poverty between 2004 and 2014. This could be achieved if the economy grew at an average rate of at least 4.5% in the period to 2009, and by an average of 6% in the period 2010 to 2014.These binding constraints were: deficiencies in government’s capacity the volatility of the currency low levels of investment infrastructure and infrastructure services shortages of suitably skilled graduates, technicians and artisans insufficiently competitive industrial and services sectors and weak sector strategies inequality and marginalisation, resulting in many economically marginalised people being unable to…The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy President Phumzile Mlambo-Ngcuka in February 2006. After research and discussion with stakeholders, government identified six “binding constraints on growth” that needed to be addressed so as to progress in its desire for shared growth and to achieve its target of halving unemployment and poverty between 2004 and 2014. This could be achieved if the economy grew at an average rate of at least 4.5% in the period to 2009, and by an average of 6% in the period 2010 to 2014.These binding constraints were: deficiencies in government’s capacity the volatility of the currency low levels of investment infrastructure and infrastructure services shortages of suitably skilled graduates, technicians and artisans insufficiently competitive industrial and services sectors and weak sector strategies inequality and marginalisation, resulting in many economically marginalised people being unable to…
