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A: We have, y = zk.3, s = 0.25 d = 0.1 n = 0.02.
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A: *Answer:
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- 10) True or False: Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that currently have high real GDPs per capita.For most high-income countries of the world, GDP _________________ over time. has proven to be stable has risen gradually has declined slightly has sharply risenIn order to improve living standards for future generations, the economy must sacrifice consumer goods today reduce its investment goods increase government spending reduce growth in the population
- What factors are generally considered responsible for GDP growth in developed countries? Have the factors responsible for growth been the same in all developed countries?We measure standards of living using GDP per capita. Using the production function, which of the following factors does NOT help to explain differences in GDP per capita between countries: a) human capital per worker b) productivity c) inflation rates d) physical capital per workerDo you think that there is strong relationship among health, labor productivity and income levels? Explain your answers BOOK ECONOMIC DEVELOPMENT 12TH Edition BY Michael P. Todaro
- State using supportive research whether GDP should be used as a basis to measure a country’s development in comparison to the multiple dimensional poverty index.Assume the total real income of a developing country increases from $8.5 billion to $8.5 billion, while its population expands from 14 to 15 million people from one year to the next. Over the year, per capita income has decreased by about $5 per person. increased by about $1 per person. decreased by about $46 per person. increased by about $500 per person.Find the growth rates of the trend below and interpret
- how does happiness influence economic development and GDP through social, economic, and political factors.The following table shows the GDP per capita since 1820 in selectedcountries (in PPP-adjusted 2005 dollars). 1. Identify the countries that experienced catch-up growth from 1920 to2010.The International Property Right Index scores countries based on the legal and political environment and how well property rights are protected. Go online and find a recent ranking. Choose three countries with high scores and three countries with low scores. Then find estimates of GDP per person in each of these six countries. What pattern do you find? Give two possible interpretations of the pattern.