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- List the areas where government policy can help economic growth.What strategies did the East Asian Tigers employ to stimulate economic growth?What components of the Solow Growth Model, The Plantation Economy Model, Endogenous Growth Models and Porter’s theory of competitive advantage can be used to create an ideal hypothetical economic model that would be suitable to achieve economic growth in the Caribbean? Note: Please explain the features selected and why those would be important and how it would help Caribbean countries to achieve economic growth.
- The 10 Pros and 10 Cons of Entrepreneurs contribution to jobs and economic growth.explains the relationship between the supply of savings and the demand for capital investment for economic growth.List and discuss the two (2) main factors of economic growth according to the production possibility frontier model.
- Question Approximately how long will it take Ethiopia to double its real GDF per person of S100 if its growth rate of real GDP per person is 0.9 63 years 77.7 years 70 years 109 years 100 years If Country A's real GDP grows at a rate of 14 percent per year, how many years will it take for Country A's real GDP to double? 10 7 5 30 14 Labor productivity is defined as total real GDP. real GDP per person. total output multiplied by total hours of labor. real GDP per hour of labor. hours of work per person. An increase in labor productivity increases the standard of living. decreases the standard of living. might be the result of an increase in the quantity of labor. generally occurs when physical capital decreases because firms must then hire more workers. cannot occur without a corresponding increase in employment. Last year, in a nation far to the South, real GDP was $90 million 900.000 workers were employed. This year real GDP is $100 million. 950.000 workers are…Identify and briefly discuss the underpinnings of economic growth, including examples.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? Explain your answer.
- What must the academia do in order to improve the Philippines’ standing on innovation? Cite examples of some Philippine higher education institutions having done something concrete on innovation and education.In the framework of endogenous growth theory, which of the following mechanisms is primarily responsible for sustained economic growth without the necessity of external inputs?a) The accumulation of physical capital through savings and investment.b) Technological innovation and the knowledge spillover effect.c) Increases in labor supply through population growth.d) Exploitation of natural resources and raw materials.Uploading 3rd time. Again and again got ai answer. Please provide valuable answerThe great 18th-century economist Adam Smith wrote,"Little else is requisite to carry a state to its highest degree of opulence from the lowest barbarism but peace, easy taxes and a tolerable administration of justice:all the rest being brought about by the natural course of things."Explain how each of the three conditions Smith describes would promote economic growth.
