Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with rich ones.

Q: Explain in your words that how a nation improves productivity?

A: The comparison between the amount of goods and services produced and the quantity of inputs required…

Q: Explain the concept of economic development and give the examples

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Which of the following is the per capita real GDP growth rate if a country''s real GDP growth rate…

A: GDP growth rate: It measures the percentage change in the overall output level in an economy during…

Q: If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be…

A: A nation's productivity refers to the level of production that the economy is able to achieve with…

Q: Labor productivity and economic growth outlined the logic of how increased productivity is…

A: The positive relationship between the labor productivity and the wage rate can be explained through…

Q: Please define and discuss Economic Growth with examples

A: Economic growth means a rise in the production of goods & services in a country. It means a rise…

Q: How do we measure economic growth/development? Enumerate and explain each tools and models.

A: Economic growth basically refers to an increase/rise in an economy's capacity to develop goods and…

Q: Considering the determinants of productivity, in a few paragrahps list and explain some things that…

A: The efficiency with which the different resources are utilized with a country's economy to produce…

Q: A country aims to double real GDP per capita in the next 25 years. If the rate of population growth…

A: Using the rule of 70 Growth rate to double = 70/years=70/25=2.8% Future value, FV = 2 Present value,…

Q: What do you think is the importance of innovation in the economic development of a country?

A: The nations around the world tend to operate with the motive of increasing their economic, and…

Q: write about Arthur Lewis's dual-sector model of development, and how this model sheds light on the…

A: Quantity of enterprise depends on certain factors that are important for enterprise. It would…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: Productivity is a proportion of economic execution that looks at how much labor and products are…

Q: what is the impact of economic growth and per capita income measurements.

A: Answer:- Оkun's  lаw  investigаtes  the  stаtistiсаl  relаtiоnshiр  between  а  соuntry's…

Q: How does this concept apply to the growth trajectory of a country? Kindly explain and give examples.

A: Leontief paradox stated that US being the capital rich country was exporting labor intensive product…

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: Does productivity has direct influence on a nation's living standards?

A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…

Q: Most successful examples of modern economic growth have occurred i country with A. exports of…

A: Modern Economic growth development is an expansion in the creation of financial labor and products,…

Q: What is the relationship between innovation and economic development? Discuss micro and macro…

A: The economic concepts are somewhere related when it comes to the innovation and economic…

Q: Describe the difference between human capital and technological knowledge in terms of workers’…

A: Human capital is defined as the required skills, expertise, knowledge, and experience that an…

Q: Define economic growth and discuss its utility at the scale of one country and at the global scale.

A: Economic growth is the rise in overall level of output of an economy. The most common way to measure…

Q: In the mid-1990s, it appeared that productivity growth increased substantially in the U. S, economy.…

A: The economy of the United States of America (US) experienced around 25 years of sluggish gains…

Q: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…

A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…

Q: What type of economic growth is this country experiencing? Thanks!

A: Answer - Need to find - Type of economic growth country is experiencing  Given in the question -

Q: (Labor Productivity) Identify at least four definable periods of labor productivity growth beginning…

A: In the history of United States, labor productivity has changed many times due to changes in the…

Q: Which of the following is NOT an institution as defined by the study of economic growth a) the…

A: The United nations is not an Institutions as defined by the study of economic growth.

Q: Since the late 1950s, economists have performed growth accounting studies in the United States.…

A: Physical capital mainly consists of tangible as well as man made objects that a company either buys…

Q: Considering the determinants of productivity, can you list and explain some things that would tend…

A: There are four determinants of productivity: 1) Human capital 2) Natural resources 3) Technological…

Q: Improvements in their productivity of labor will tend to

A: productivity of labor estimates the hourly result of a nation's economy. In particular, it outlines…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: The productivity refers to the efficiency in production of goods and services. It is described as…

Q: Outline the main factors which determine the level of productivity in a country

A: Productive of a country is determined by the level of goods and services manufactured in the…

Q: what does it mean by productivity, why it is important and how to improve productivity growth for an…

A: An economy is defined as a vast network of interrelated production, consumption, and trade…

Q: How does each variable in the production function reflect economic prosperity for a nation?

A: Answer in step 2

Q: How does production and growth are related to each other? Compare and contrast.   no to plagiarism

A: The production of the goods and services would result in the creation of the final value of the…

Q: Which of the following is a cost of economic growth? (a) umprovements in technology (b) declining…

A: Economic growth implies an increase in real GDP which in turn causes an increase in the real…

Q: How to calculate Average annual growth rate of real GDP per worker, Real GDP per person, Real GDP…

A: The real GDP per capita is calculated by dividing the actual GDP by way of the overall…

Q: What contribution can MSME's (Micro-, Small-, and Medium-Enterprises) give towards a sustained…

A: In an economy, MSMEs are a business organization that is operated with fewer workers and makes…

Q: What other factors, aside from labor productivity, capitalinvestment,andtechnology,impacttheeconomic…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Why does an increase in the labor force cause the Market Productivity of Capital to increase?

A: Marketing productivity is a measure of the profit responsiveness by segment to different levels of…

Q: All of the following lead to an increase in productivity except for    a. an increase in physical…

A: Productivity is a measure of the efficiency of production. Higher productivity leads to increased…

Q: What is the main indicator of economic growth?

A: Economic growth is a rise in income(I), per capita income(PCI) and production(P) of the country.…

Q: How do gains in labor productivity lead to gains in GDP per capita?

A: GDP per capita: - it is per person output of an economy which can be calculated by dividing a…

Q: Discuss: what the relationship between productivity and growth is. What can help improve…

A: In economics, productivity is the measure of output per unit of input where inputs are labor ,…

Q: Which of the following would not necessarily lead to long-term economic growth

A: A rise in the output of goods and services in an economy is referred to as economic development.…

Q: Explain why the manufacturing sector can have higher productivity compared to the Agriculture sector…

A: There are business cycles which have to be known by the business management, public as well as…

Q: onomic gro

A: The non economic factors are : 1. Human Resources  They are considered to be an important factor in…