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- In the short term and with almost full employment, it is most realistic to increase GDP / per capita by: a. Employees move to sectors with higher labor productivity b. Labor productivity becomes higher, e.g. through increased investment and better education c. Taxes are reduced so that it pays to work harder d. The state supports industries with highly expected growth potentialOne possible constraint on economic growth is a) limited supply of arable farm land and fresh water; b) excessive government spending and unsustainable debt; c) capital stock and technology that grows too quickly; d) the seriousness of the climate change crisis; e) all of the answers are correct.Achieving economic growth over a long period of time and raising standard of living, can be done through Group of answer choices Small consistent yearly growth over a long period of time A large and sustained growth in population over many years An average of 5% growth per year over many years A minimum of 10% growth every year
- Promotion of green alternatives *(A) increase inflation(B) decrease inflation(C) does not directly affect economic growth or cannot be determinedCountry alpha and beta initially have the same real GDP per capita. Country Alpha experiences 3% economic growth, while Country Beta grows at a sustained rate of 9 percent. In 14 years, Country Beta's GDP will be approximately _________ that of Country AlphaQuestion 2 Its production function is 2 times the square root of k (the same as 2k1/2) and its depreciation rate is 3 percent. Its population grows at a rate of 4 percent per year, and technology is advancing at a rate of 1 percent annually. Its residents consume 90% of each additional dollar of income. Find the economy's steady state level of capital (k*), carefully following all numeric instructions.
- effect of fiscal and montary policy on economic growth in ZimbabweCountry Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while Country Baker grows at a sustained rate of 7 percent. In 12 years, Country Baker's GDP will be approximately ___________ that of Country Able. Group of answer choices one-fourth triple one-half doubleIn about twenty years, a country could approximately double its GDP if its sustaining an annual growth rate of: Question 15 options: 2.5% 7.5% 3.5% 12%
- Country Alpha and Country Beta initially have the same realGDP per capita. Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5 percent. In 14 years, Country Alpha’s GDP will be approximately _________ that of Country Beta. a)triple b)double c)one-half d)one-fourthKINDLY ASSIST “Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domesticproduct (GDP) averaging around 4% in 2023 and 2024”. Which of the following is a common characteristic of a country in Africa?A. High levels of industrialization and advanced technology.B. A well-developed and diversified service sector.C. High per capita income and living standards.D. Limited access to basic healthcare and education for a significant portion of the population.9 Based on the production function Y = AKaG1-a (with G representing public expenditure, and the remaining variables and parameters representing usual values), show, using the necessary assumptions the value of the tax amount that maximizes the economic growth rate. Then, represent graphically the situation.