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

Q: Technology may have a macro- and micro-level effect on economic growth.What types of technologies…

A: For economists, technology is something that allows us to create things more quickly, better, or for…

Q: Define Economic Growth. How has migration into America over the past 400 years contributed to…

A: 1.Economic growth is defined as production of goods and services in a particular year.Comparison of…

Q: a. What are the ways in which a government policymaker can try to raise the growth in living…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: 26.In 2019 Westernia's real GDP is growing at 2 percent a year and its population is growing at 1.5…

A: Given : GDP growth rate=2% Population growth rate=1.5%

Q: Consider the following data for the country below. Year Population ( Millions) Real GDP (…

A: Solution- Given in the question Year                                         Population (million)…

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

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

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: 5. Explain, using an example, how policies aimed at increased GDP affect: a) Economic growth. b) A…

A: Answer: Demand-side policies that lead to an increase in GDP are expansionary fiscal policy and…

Q: Consider two countries with comparable natural resources which devoted exactly the same shares of…

A: The following problem, in relation to economic growth has been answered as follows:

Q: Part 8 a) What is average labour productivity? Explain how average labour productivity can impact…

A: Average Labor Productivity = Total Output/Total Productive Hours. The worth each utilized individual…

Q: Does the political freedom existing in democracies always aid economic growth? Why?

A: Democracy is a form of government system according to which an economy is controlled and ruled by…

Q: propose 2 reasons why government should emphasize economic growth as a part of its mandate

A: Economic growth refers to the rise in the production and consumption of goods and services from one…

Q: Suppose that society decided to reduce consumption and increase investment. i. How would this…

A: Suppose that society decided to reduce consumption and increase investment.i. How would this change…

Q: 2 reasons why government should emphasize economic growth as a part of it's mandate?

A: Economic growth can be defined as the rise in the aggregate production of the economy which shows…

Q: 6. To boost economic growth the government is most likely to: a. increase interest rates b. increase…

A: The unemployment that arises with the change in business cycles is referred to as cyclical…

Q: Figure 1.1 is a hypothetical economy producing SUV's and Cars. Which of the following do not…

A: Production possibility frontier (PPF) illustrates the combination of two goods that a nation can…

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: d. Suppose that society decided to reduce consumption and increase investment. i. How would this…

A: PLEASE FIND THE ANSWER BELOW.

Q: b. What is the relevance of productive and allocative efficiency to the growth process?   c. What is…

A: b. What is the relevance of productive and allocative efficiency to the growth process? Answer- In…

Q: 5. Which of the following institutional arrangements is most likely to promote growth? a. patents…

A: Institutional arrangements are mainly set of agreements on the division of the respective…

Q: What is the relation between productivity growth and living standards?

A: The productivity would be the output produced by one person in a given time period. The productivity…

Q: If people in impoverished nations are faced with life-and-death survival decisions, what is the…

A: Economic growth measures the output of goods per head population of an economy.

Q: Question 67 Which of the following is most likely to result in accelerated economic growth? O Higher…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: Explain FIVE (5) costs of economic growth.

A: Economic growth refers to an increase in the value of goods and services produced in an economy over…

Q: Please be brief and no more than 3 sentences are expected. 1. Why economic growth differs among…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1.Discuss how the factors of production lead to economic growth. Be sure to provide an example that…

A: Economic growth is defined as the process by which the economy's final goods and services rise. An…

Q: what is average labour productivity? Explain how average labour productivity can impact economic…

A: According to the Marginal Productivity Theory of Distribution, factors of production are paid…

Q: what are the main drivers of long term growth in real incomes per head and what is the productivity…

A: Economic growth is described as the rise in the market value of an economy's products and services…

Q: A) If you are given a choice to live in a country with high level of GDP and low growth rate or to…

A: A) I would choose to live in a country with high level of GDP and a low growth rate as a high level…

Q: What are the main drivers of economic growth in real incomes per head? b) Why does a higher…

A: Economic growth is often referred to as the increase in real GDP from one period to another. GDP is…

Q: 62. What is a problem with the geographical explanation for economic growth? (A) It ignores…

A: Economic growth, in literal words, refers to the process of producing goods and services for over a…

Q: A. Propose TWO (2) reasons why government should emphasize economic growth as a part of its mandate.…

A: The Economic Growth says that the more the actual GDP is production or more. Economic growth is…

Q: The initial investments in education or health led to a stream of higher future income. 2) The…

A: We have been given two different statements and we have to prove that whether they are true or…

Q: 3. Discuss: what the relationship between productivity and growth is. What can help improve…

A: In economics, productivity refers to the amount of output produced per unit of input, which could be…

Q: Assume a hypothetical society that decides to reduce consumption (production of consumption goods)…

A: Production of capital goods and consumer goods in an economy should be complementary to one another,…

Q: QUESTION 2 If Z = (XY)2, and we know that the annual growth rate of Z is 3%, and the annual growth…

A: Growth rates refer to the percentage change of a specific variable within a specific time period.…

Q: critically explains the cost of growth.

A: Economic growth is the absolute increase in the number of goods and services produced per head…