Define the concepts or Real GDP and Economic growth. Explain their relationship?

Q: Many of the brightest people from India emigrated from India. How would this effect growth in India?…

A: Economic migration refers to people moving from one country to another in order to take advantage of…

Q: What is worker productivity when it comes to economic growth? How can we express this productivity?…

A: Worker productivity is the number of workers divided by output.It denotes the efficiency of workers.…

Q: Explain how we measure the growth rate of an economy and the consequences of both too low and too…

A: Economic growth is characterised as the rise in the market value of products and services generated…

Q: Why do we measure economic growth using Real GDP rather than Nominal GDP

A: Real GDP, It is  the total value of goods and services produced Within a political boundary of a…

Q: What is productivity and why is it an important determinant of economic growth?

A: In economics, the economic growth of an economy depends upon various determinants and productivity…

Q: Draw LRAS. What does LRAS stand for? On the same graph show economic growth q

A: LRAS stand for long Run Aggregate Supply curve representing the country's growth over a long period…

Q: what is the importance of calculating the growth rate?

A: Growth rate refers to the percentage change in the variable such as revenue, investment and other…

Q: Explain the Growth Rate of GDP and the Term Spread?

A: Gross Domestic Product (GDP) is the final value in the market for all the finished goods and…

Q: What is the “urban push” and in what ways might it affect the relationship between urbanization and…

A: Urban push is a demographic term used to show the mechanism that cities are growing internally and…

Q: What is the “productivity puzzle” and how is it linked to economic growth?

A: Productivity is an economic concept that refers to the calculation of output per unit of input. It…

Q: Why is the long run U.S. economic growth rate slowing?

A: The US market has been growing at a rate that hasn't been witnessed in decades.

Q: What is the essence of economic growth and how does it affect your every day life? Give an example.

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…

Q: What are three generators of economic growth?  List and explain them.  What are three determinants…

A: Economic-growth indicates the increase in the economic-activity undertaken by one economy. This is…

Q: By giving examples, explain the steps on how a government should chart the path towards sustainable…

A: The economy that entails markets providing incentives in order to reuse products instead of…

Q: discuss the factors that contribute the most to economic growth? 1500 words limit

A: The term economic growth is associated with economic progress and advancement.   Economic growth can…

Q: How does government affect economic growth? What are some examples of the good government and bad…

A: Government works for the welfare of the nation. Government with its fiscal  policy try to attain…

Q: IS GDP important for economic growth

A: GDP (Gross Domestic Product) is the value of all final goods and services produced in the country…

Q: what is the interest rate? What is its impact on economic growth?Interpret the chart below.

A: Interest rate is the price paid on money. There may be negative or positive economic growth,due to…

Q: 1. What is the metric we use to measure economic growth? China? 2. From 1990-2009, what was the…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: What is the economic growth rate? How is it calculated?

A: Since you have asked for multiple questions, we have answered the first one for you. If you want the…

Q: Is population’s growth a good thing or bad thing and why?

A: Population Growth refers to increase in the count of people living on the Earth.

Q: What impact does economic growth have on the cost of living?

A: Economic growth generally refers to an increase in the production of goods and services from one…

Q: What is relationship between corruption in a country ( government officials taking bribes) and…

A: Corruption A complicated phenomenon, corruption has a variety of origins and effects, depending on…

Q: List the positive correlation of remittances to the economic growth. Explain why and how remittances…

A: The domestic citizens who work in the foreign country sends  a part of their salary to the relatives…

Q: 7. Which of the following are sources of growth?

A: Economic growth is the growth in the output level in an economy. Output level can be increased by…

Q: Why is real GDP a better measure of economic growth than nominal GDP?

A: Nominal GDP refers to the total value of finished goods and services that produced within the…

Q: Explain how higher saving leads to a higher standard of living. How might a higher savings rate lead…

A: Neoclassical growth models try to explain the role of savings in deriving the determinants of…

Q: Define economic growth and explain what it means in terms of standards of living

A: Standard of living alludes to the degree of riches, solace, material merchandise, and necessities…

Q: n. Using the information in the table, calculate the growth rates in real GDP, population, and the…

A: here we calculate following Real GDP , Population and standard of living by using the given table so…

Q: What is meant by economies of scale and what is the importance of this concept to economic growth?

A: In an economy, production cost refers to the cost incurred when producing goods and services by the…

Q: Calculate GDP growth rate

A: GDP: The Economic growth of a country is measured in GDP terms where GDP is the measurement of the…

Q: ii. Given Y = xert find growth rate.

A: ii. Given:Y=xert

Q: An increase in the availability of credit leads to faster economic growth. Agree or disagree?…

A: Credits refers the availability  of capital or cash in the economy so , here we can discuss the…

Q: How come higher saving leads to more rapid growth?

A: The higher savings means the resources and incomes of the nationals has been used in consumption at…

Q: In 2015, the GDP of US was $2100. Suppose that US has a growth rate of 2.3%. a. What is US GDP after…

A: Given data: In 2015 GDP=$2100 Growth rate, r=2.3%

Q: What are the 4 factors of economic growth?

A: The four factors of economic growth were:  1) Technology     Technology innovation leads to the…

Q: If GDP is currently $300 and the growth rate is 5 percent, how many years will it take for GDP to…

A:

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: Describe the various components of fluctuations in economic activity over time. Because economic…

A: The economy moves through the continuous cycle of recessionary and expansionary phase. When the…