how money contributes to economic growth and\or development? If there is no money will society find a way to exchange goods and services without it? Explain.
Q: In the flow of capital (M -> C -> M'), who owns the value of M'?
A: Karl Marx is associated with the concept of circuit of capital. According to Marx, capital is a…
Q: How is economic growth measured?
A: A. Economic growth is the term used to describe the production of goods and services. Economic…
Q: When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b.…
A: Answer: Correct option: (b) Explanation: In economics, capital is the term used for goods used to…
Q: Discuss five (5) ways which the country can do to increase its savings rate.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What are four public policies that can facilitate economic growth in a economy?
A: Using public policy wisely helps to increase the economic growth of a country.
Q: Why must we connect earning power and purchasing power to the concept of time?
A: Purchasing power is the quantity of good and services that can be purchased with a unit of currency…
Q: Define the concepts or Real GDP and Economic growth. Explain their relationship?
A: Real GDP is the final value of goods and services produced in an economy measured at base year…
Q: How can Theory of Economic Development promote businesses to perform better?
A: Economic development: It refers to the strategies that deal with the development process of the…
Q: When the economy is at a steady state with less capital than the Golden Rule, then what would change…
A: In the Solow growth model, the steady state level differs from the golden rule as the golden rule…
Q: Why is credit considered a key to economic development? Give an example on how credit helps poor…
A:
Q: if European banks lend this extra saving to businesses, which use the funds to build new factories,…
A: The economies around the globe operates with the motive of increasing their level of productivity,…
Q: (a) Explain idea of convergence or catching-up effect in detail? (b)How poor countries can sustain…
A: (a) The economic term convergence refers to the hypothesis that per capital income of the backward…
Q: Institutions are important to a country's prosperity because institutions affect Select one: O a.…
A: In an economy, institutions refers to the organization that do activities to make profit or as a…
Q: How can a government encourage saving and capital accumulation, research and development and free…
A: A few points on how government can encourage saving and capital accumulation, research and…
Q: How does the flow of funds help an economy grow and develop?
A: Meaning of Economic Growth: The term economic growth refers to the growth towards the internal…
Q: Discuss how money contributes to economic growth and\or development? Explain in detail.
A: Answer to the question is as follows:
Q: Institutions are important to a country's prosperity because institutions affect Select one: O a the…
A: An institution is an established organization to monitor the working of the country, to monitor how…
Q: Orthodox or conventional economists say that to address unequal growth between the rich and the…
A: Conventional economists: Sustained economic development as estimated by net public items is the way…
Q: What factors occurred that changed the growth n China and India in 2009-2013?
A: Many believe that the economies of both India and China will have a significant impact on the global…
Q: What are three policies governments can use to promote economic growth? And how effective would they…
A: Economic growth refers to the increase in the output generated by the means of increase in the…
Q: Orthodox or conventionaleconomists say that to address unequal growth between the rich and the poor,…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: (1) Which of the following is an example of what growth economics calls institutions? a. private…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Can tle long term growth of developed country like USA be explained by growth models? What model/s?…
A: The growth of the grown country analysis estimates the assistance of each of these three…
Q: why is innovation important for the economy? how we could enrich it?
A: Innovation is the progress in ideas, technology etc which benefits the economic agents (producers,…
Q: Explain how the economic principles guides economic growth and productivity?
A: According to the given question Simply we can say that economic growth actually refer to a rise in…
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: At Which stage of production is the best to economic growth?
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Which macroeconomic objective is not being explicitly pursued in the above binding constraints? a)…
A: Which macroeconomic objective is not being explicitly pursued in the above binding constraints? Your…
Q: Why is there a trade-off between the amount of consumption that people can enjoy today and the…
A: Disposable income is the income that is left with households for consumption and savings purposes.…
Q: = (a) What is the current GDP growth rate (2017) in Cote d'Ivoire? (b) What is the name of the…
A: The gross domestic product (GDP) growth rate measures how rapidly the economy is growing.
Q: Diagrammatically explain how savings affect economic growth?
A: Saving is very important for the growth of the economy. The saving that is accumulated can be…
Q: A balanced federal budget and a balance of tradeare secondary goals of macroeconomics, while…
A: Balance budget means a budget of government in which they will maintain the expenditure equivalent…
Q: Explain why the three goals (economic growth, low unemployment, and low inflation) of macroeconomics…
A: Answer - Economic growth - Economic growth is one of the major goal of governments of different…
Q: What is the meaning of capital formation in economics, write the detailed note about capital…
A:
Q: you give a choice to live in a country with high level of GDP and low growth rate or to live in a…
A: GDP- is the value of everything that is produced within the boundaries of a country in a particular…
Q: Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your idea
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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- Billions of people in the world make two dollars a day or less. In fact, a billion people make less than one dollar a day. In such places, a loan of $100 or $200 makes a huge difference. That's where microloans from organizations such as Opportunity International come in. Opportunity International is an organization that grants microloans to people, mostly women, in developing countries so they can invest in a business. Those investments often lead to community growth and employment, and help the owners, themselves, to prosper on a moderate scale. The borrowers must pay back the money with interest—when they do, they can borrow more and keep growing. Opportunity International, unlike some other microlending organizations, also provides a banking function where entrepreneurs can safely put their money. They can also buy some insurance to protect themselves against loss. Opportunity International helps over a million people in over 28 countries, giving them the opportunity to change…How can a government encourage saving and capital accumulation, research and development and free international trade?Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?
- Classic Theories of Economic Growth and Development If the Philippines has to learn from Rostow, Harrod, and Domar, development can only happen when a country prepares for it. Given that premise, 1. Discuss five (5) ways which the country can do to increase its savings rate. 2. Describe fully five (5) ways that will ensure that if the Philippine government has accumulated savings, it will be used properly. Here is some information about Rostow, Harrod, and Domar:https://docs.google.com/presentation/d/1CWG0Ut4AieAGZvd2XrgiD4_pxUxU0_2JfQEIY7NTRbc/edit#slide=id.p1Suppose you are a highly regarded international economic advisor. You have beenasked to assess the possibilities of growth in an African country. It is a countryabundant in labour and some natural resources. The capital to labour ratio is low. Ithas a free market economy. You have found that this country does not have a verystrong and healthy banking system; however, the political system is stable and thegovernment does a good job protecting property rights. Assess this country’sprospects for growth. Recommend two things that would enhance the country’sgrowth.What are the ways in which a government policymaker can try to raise the growth in living standards in a society? What is the relevance of productive and allocative efficiency to the growth process?
- Explain why economic growth leads to lower death rates and better health?What are three public policies that can facilitate growth in economyexplain 1.Orthodox or conventional economists say that to address unequal growth between the rich and thepoor, the world economy needs to grow more. Do you agree with this idea? Why or why not? 2.What does the term “de-develop” mean? Is it a positive or a negative idea? 3. According to investopdia.com, a steady-state economy is an economy structured to balance growt hwith environmental integrity, seeking to find an equilibrium between production growth andpopulation growth. This type of economy aims for the efficient use of natural resources but alsoseeks a fair distribution of the wealth generated from the development of those resources. Is thistype of economy more plausible than continued, unlimited economic growth? Why or why not?
- How scarcity helps in country growth?Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b. goods used to produce more good c. only the cost of capital enviroment d. Money