Is inflation likely to be a severe problem for at least some high-income economies in the near future?

Q: Is population growth a problem?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: world economy is a system: due to the fact that it includes both developed and developing…

A: Answer is given below

Q: Will free trade and perfect competition lead to an equalization of wage rate across countries?…

A: According to price equalization theory, or the Heckscher-Ohlin Samuelson theory, due to the free…

Q: nanotechnology only for the rich? Can we use or produce nanotechnology in a developing country?

A: (1a) Nanotechnology perhaps advancing a 'technical fix' approach, there is a worry that high section…

Q: Does the monetary policy have an impact on long term economic growth?

A: monetary policy js the central bank's activity to influence the market condition and the behaviour…

Q: What sorts of policies can governments implement to encourage convergence?

A: Convergence refers to an increase in income per capita of underdeveloped countries at a faster rate…

Q: How does globalization affect current economic trends in the United States and what problems does…

A: When there is unreasonable increase in the prices of the goods and services, it's called inflation.

Q: Use the case to explain why international growth rates vary?

A: The growth rate of an economy is the % change in the value of all the services and goods produced…

Q: Are high income countries developed countries? Why?

A: The economics as a study is based upon the idea that the resources which the economies, or the…

Q: . How does the concept of “capabilities to function” help us gain insight into development goals and…

A: The Sen’s Capability approach was introduced by Amartya Sen and Martha Nussbaum and the major…

Q: Standard of living of a country can be raised if it increases Labour force

A: To find : Which is reason for increase in standard of living of a country.

Q: "Indonesia's economy grew at its fastest pace in six years in the fourth quarter of 2010, and…

A: With a population totaling around 240 million individuals, Indonesia is the fourth-largest country…

Q: What are some of the other ways of comparing the standard of living in countries around the world?

A: The standard of living is a very broad concept in economics as it includes both the physical as well…

Q: In short third world countries are in the trap of those type of problems which creates imbalance in…

A: Third world countries are in the problem of vicious circle of poverty.

Q: MODIFIED TRUE OR FALSE   UNDER PATTERNS OF STRUCTURAL CHANGES, ECONOMIES MUST GO THROUGH A NUMBER…

A: When talking about structural changes, it is the change in the traditional way of production in…

Q: List the different ways used to measure the wealth of nations?

A: We can measure the wealth and growth of a nation by the ‘gross domestic product’ or GDP and ‘gross…

Q: Is it true that economic growth is the only way to improve living standards in developing countries?

A: Gross domestic product is the total production of goods and services in an economy. It is the…

Q: How might governments impact globalization

A: Government is one who makes decision o various political and economic aspects for the citizens of a…

Q: What are the detriments and benefits of economies dependent on migrant remittances?

A: A remittance is a non-commercial money transfer from a foreign worker, a diaspora community member,…

Q: b) i. Explain two reasons why some analysts argue that FDI will promote development & ii. two…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: How does digitalisation help lower manufacturing costs in the circular economy ?

A: In economics, digitalization refers to the process of using technology in business in order to lower…

Q: Why do you think that the governments of developing countries actually hurt their people instead of…

A: The International Monetary fund is an international body that contains 190 countries, it works as a…

Q: explain why it is difficult to set aside funds for investment when you are in poverty

A: Poverty is a situation on which people do not have money to spend and afford basic necessities of…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: Given the diversity of developing countries, do you think there could ever be a single, unified…

A: The economic development involves the improvement in the number of indicators such as life…

Q: How does the concept of “capabilities to function” help us gain insight into development goals and…

A: Desires of well-being are central to a person's physical well being, helping them to resolve…

Q: What one aspect of people’s lives would you prioritize for receiving aid in developing economies

A: A country will be charecterized as developing, if its industries are still developing, along with…

Q: Countries will tend to converge the same level of steady states if they have a similar level of . (…

A: Convergence in economics means that per capita income of poorer countries tends to achieve the level…

Q: Even though the US offers very low interest rates, the U.S. dollar has been appreciating with…

A: Interest rate is the rate at which the bank offers loans to the public. A high-interest rate would…

Q: Do you agree that the IMF hurts developing countries?

A: It has been observed in the past and following many debates have come up with the issue of how IMF…

Q: Is there hope for a country to grow in economy

A: Growth Rate: The magnitude of the growth rate can be determined by dividing the absolute change by…

Q: Why do people in developing countries move to largecities where they will find inadequate jobs and…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Why is development participation not used more often despite its potentially decisive role in…

A: Local communities are involved in development projects through participatory development (PD). Since…

Q: Why multinational companies feel unsafe to invest in those countries that have high inflation rate?

A: The rate at which the price of goods and services in a given economy rises is known as inflation.…

Q: How do we make Globalization more just?

A: Globalization: - globalization is the process of integration of different countries with each other…

Q: Why do you think it is difficult for high-income countries to achieve high growth rates?

A: In a macroeconomic sense, for a country to grow and become high income, there needs to be an…