Q: Does a higher rate of saving lead to higher growthtemporarily or indefinitely?
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Does a hi~her rate of saving lead to higher growth temporarily or indefmitcly? |
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- Does a higher rate of saving lead to higher growthtemporarily or indefinitely?A6 miracle-growth economies often have very high investment. True or false ?Give an example of a time period where the US had relatively higherGDP growth than most other developed countries. What are some rea-sons/explanations for this higher growth? Explain it step by step please
- Are remittances has a positive or negative correlation with economic growth? If YES, Why? If NO, Why? Explain further and cite if possible.if a country does not have a large endowment of natural resources then they cannot achieve sustained economic growth true of false?If an economy's GDP will double in 15 years, then its growth rate must be about: 7% 15% 10% 4.7%
- In Ghana, the capital share of GDP is about 40 percent, the average growth in output is about 2 percent per year, the depreciation rate is about 3 percent per year, and the capital–output ratio is about 1.5. Suppose that the production function is Cobb–Douglas and that Ghana has been in a steady state.a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = (δ + n + g)k.]b. What is the marginal product of capital in the initial steady state?c. Suppose that public policy alters the saving rate so that the economy reaches the Golden Rule level of capital. What will the marginal product of capital be at the Golden Rule steady state? Compare the marginal product at the Golden Rule steady state to the marginal productin the initial steady state. Explain.d. What will the capital–output ratio be at the Golden Rule steady state? (Hint: For the Cobb–Douglas production function, the capital–output ratio is related to the marginal product of…In Ghana, the capital share of GDP is about 40 percent, the average growth in output is about 2 percent per year, the depreciation rate is about 3 percent per year, and the capital–output ratio is about 1.5. Suppose that the production function is Cobb–Douglas and that Ghana has been in a steady state.a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = (δ + n + g)k.]b. What is the marginal product of capital in the initial steady state?c. Suppose that public policy alters the saving rate so that the economy reaches the Golden Rule level of capital. What will the marginal product of capital be at the Golden Rule steady state? Compare the marginal product at the Golden Rule steady state to the marginal productin the initial steady state. Explain.d. What will the capital–output ratio be at the Golden Rule steady state? (Hint: For the Cobb–Douglas production function, the capital–output ratio is related to the marginal product of…How is a steady state level of capital determined mathematically? Can use graphs to aid in explanation if possible
- in relative terms, what accounts for more of the growth slowdown, if we break it down to just investment and TFP?If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required todouble real GDP will decrease from (please explain how to do this)E. DISCUSS HOW THE “STAGES OF GROWTH FRAMEWORK EXPLAINS ECONOMICSTRUCTURAL CHANGE.