if real GDP increases from $100 bilion to $105 billion, and the population increases from 100 million to 102 millon, what is the growth rate of real GDP per person? The growth rate of real GDP per person is percent

Q: Explain how we measure the growth rate of an economy and the consequences of both too low and too…

A: Economic growth is characterised as the rise in the market value of products and services generated…

Q: What is one real world examples of how the following can facilitate economic growth in a country:1.…

A: The fiscal policy is used by the government through which they influence the tax rate and government…

Q: Economic growth is determined by a) population, birth rates, and death rates. b) resources,…

A: Economic growth is the increase in price adjusted value of goods and services produced by an…

Q: Explain three polices that facilitate economic growth?

A: Economic growth refers to an increase in the market value of goods and services over a period of…

Q: How does the role of government influence economic growth? As the size of government increases as a…

A: The role of the government in the economy tends to address business failures or conditions where the…

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

A: Economic Growth of a country refer to growth in term of increased production of economic goods and…

Q: What is the Growth of Real GDP per capita if population growth is 0.5%?

A: Real GDP Per Capita is the resulting value arrived at by dividing the entire economic output (GDP)…

Q: The table below shows real GDP, population, and real GDP per capita for the hypothetical economy of…

A: The real GDP measures the value of output produced in a nation in a specific year after adjusting it…

Q: How much should a nation be concerned if its rate of economic growth is just 2% slower than other…

A: The small difference in the rate of growth makes larger economic effect over a long period of time…

Q: What is one real world examples of how the following can facilitate economic growth in a country:…

A: Answer - Real world example of the following can facilitate economic growth in a country: 1.The…

Q: Why does economic growth matter in an economy

A: An increase in the market value of goods and services over a specific period of time is referred to…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Economic growth refers to the increase in an economy's real output derived from an increase in its…

Q: Explain why economic growth leads to lower death rates and better health?

A: Economic growth is positively related to HDI index which is a measure of health, education and…

Q: South Africa's economic growth rate in 2018 was percent. percent. The growth rate of real GDP per…

A: Economic growth rate:  Economic growth rate is the percentage of the value of the real gross…

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

A: The term economic growth is associated with economic progress and advancement.   Economic growth can…

Q: Text:Using the labor market, the production function Real GDP = T (L, K), and the LRAS curve,…

A: In macroeconomics, economic fluctuations are generally studied using the concepts of aggregate…

Q: What is the implication of economic growth for our economy , society and environment?

A: Economic growth occurs when the production of goods and services in the economy rises. It can be…

Q: What are the seven economic growth​ facts?

A:

Q: How does economic growth influence the living standards of people? Does it really make much…

A: According to the economist Robert Lucas, to achieve growth of real income, the growth of real output…

Q: What is relationship between corruption in a country ( government officials taking bribes) and…

A: Corruption A complicated phenomenon, corruption has a variety of origins and effects, depending on…

Q: Why is economic growth important? Why could the difference between a 2.5 percent and a 3 percent…

A: Economic growth implies increase in productive activities within a given period of time. It can be…

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: Is it a good idea to maximize economic growth by producing and consuming more and more economic…

A: Economic decisions depends on factors of supply and demand of goods and services.

Q: What are examples of economic growth?

A: Economic growth is defined as an increase in a nation's production of goods and services.   The…

Q: How are businesses affected by economic growth and what can governments do to create a stable rate…

A: Economic stability: Economic stability empowers other large-scale financial goals to be…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…

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

A: In an economy, production cost refers to the cost incurred when producing goods and services by the…

Q: What factors contribute the most to economic growth?

A: To manufacture goods and services, you'll need resources. However, in terms of the demands and…

Q: Which country looks like it's experiencing exponential growth?

A: explanation: А  соuntry  exрerienсing  exроnentiаl  grоwth  is  ;    А  соuntry  with  а  higher…

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: Why is economic growth important? Why could the difference between a 2.5% and a 3% annual growth…

A: Economic growth means an improvement in the output of market products and facilities from one period…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Sustainable economic growth implies a rate of growth that, particularly for future generations, can…

Q: Explain what policies can a government undertake to achieve faster economic growth?

A: In an economy, faster economic growth can be achieved to improve the overall efficiency of markets…

Q: What you mean by economic growth

A: Gross domestic product (GDP) is the monetary value of goods and services (G&S) that a country…