lent in the appropriate category. euch state GDP grows faster GDP grows slower when rule of law is applied equally and generally respected with investment with labor mobility when children go to work instead of school when consumption is a large fraction of GDP during war with inadequate public health
Q: Suppose there are two countries, India and Bangladesh. In country India, Real GDP grows by 3 percent…
A: Economic Growth is the increase in the output or production of goods and services in the country…
Q: An increase in would lead to an increase in long-run economic growth. O a) resources and technology…
A: Economy experiences long run economic growth when its production potential increases.
Q: If personal income is the currently the same in two countries "India" and "China," but India has a…
A: Personal income is the amount of money collectively received by the inhabitants of a country.
Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…
A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…
Q: The Government of Pakistan is committed to the priorities for advancing on implementation of the…
A: CPEC has been a slew of infrastructure projects in Pakistan since 2013. The value/importance of CPEC…
Q: True or false. As a capitalist economy, the vast majority of U.S. national income flows to the…
A: Capitalist economy defined as the type of the economy which incorporates the free market, it means…
Q: dollars
A: The catch up growth is also known as theory of convergence . According to this theory , the poor or…
Q: Please explain the effect of public expenditure on economic growth?
A: According to the given question In simple words we can say that a public expenditure is an…
Q: the growth rate of potential GDP is not affected by a. the growth rate of nation's capital stock…
A: Potential GDP is the anticipated GDP that would be experienced if an economy is at full employment.…
Q: Effective usage of Natural Resources and Technological Change is required for any economic…
A: Economic development is described as the process in which economies having low income are…
Q: An economy starts off with a per capita GDP of $4100. How large will per capita GDP be if it grows…
A: GDP is an estimation that looks to catch a country's monetary result. Nations with bigger GDPs will…
Q: The following public policies can facilitate economic growth in an economy. Give a definition for…
A: Concept of public policy- The combination of laws, actions, regulations, policies, and other…
Q: Discuss the merits and demerits of real GDP per capita a measure of a country’s living standard
A: The average national income per person that adjustable for inflation is referred to as real GDP per…
Q: GDP is a better indicator of economic growth and welfare than GNP because a. indicates income from…
A: GDP (gross domestic product) of a country is the market value of all final commodities and services…
Q: The Real GDP for a country is $450 million in 2020. The population of the country is 125 million as…
A: Real GDP is the value of final goods and services produced in the economy within a given period of…
Q: For a given year, productivity in a particular country is most closely matched with that country's…
A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…
Q: Which are the (5) indicators that can be developed to measure the success of a programme to…
A: Economic indicators are key details about the economy that can assist you with bettering get where…
Q: Most of less developed countries have achieved higher economic growth during the past ten years, but…
A: Underdeveloped countries are characterized by the low level of economic development and standard of…
Q: Why would you expect an inverse relationship between self-sufficiency and real GDP per capita?
A: The value of the total economic output of a country, adjusted for inflation, divided by the total…
Q: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G)…
A: We have the following information- COMPONENT R millions Consumption expenditure (C) 9 000…
Q: How expenditure affects the economic growth and development?
A: In economics, expenditure refers to the income spent on purchase of various goods and services. It…
Q: The International Property Right Index scores countries based on the legal and political environment…
A: Three countries with high scores as per the International Property Right Index (2019) are: (1)…
Q: Which of the following would lead to an increase in real GDP per capita all other things equal? * a…
A: Real GDP per capita = (Real GDP / Population) Real GDP = Base year price * Current year output.…
Q: Calculate growth rate of real GDP in 2019 compared to 2009. Show calculations
A: Real GDP measures market value of goods and services using constant set of prices.
Q: Two students are discussing the pros and cons of different measures of economic development. “GDP…
A: The productivity of a nation's workforce gives an idea of the amount of output produced with the…
Q: Good government programs for the development in science and technology can be seen outright
A: Government job in science and technology (S&T), albeit auxiliary to industry's, is no less…
Q: In 2015, approximately 59 percent of the adult population (250 million) was employed, among the…
A: The employment rate is used to measure the proportion of a nation's working-age population currently…
Q: List the positive correlation of remittances to the economic growth. Explain why and how remittances…
A: The domestic citizens who work in the foreign country sends a part of their salary to the relatives…
Q: According to the rule of 70 and 72, a 10% annual increase in real gdp would lead to a doubling of…
A: The rule 70 is an easy method of determining the time period required to double the Real GDP of the…
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: The Malaysian government has recently announced that it will allocate RM75.6 billion for development…
A: In an economy, changes in government spending influence the aggregate demand curve because…
Q: The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP…
A: Real GDP per person is defined as the volume of goods and services produced in an economy by taking…
Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…
A: GDP refers to the value of all final goods and services produced in an economy over a given period…
Q: hich statement is NOT true? a. Government expenditure has direct control of a country's economic…
A: Government expenditure is aimed at stabilizing economy and reducing income inequalities. Government…
Q: government policy that would increase the long-run economy growth..
A: Economic growth refers to the increment in the national output of a region on yearly basis. It…
Q: A nation's potential output/GDP is best described as: The maximum level of output/GDP which can be…
A: GDP is the value of final goods and services produced in the economy within a given period of time
Q: Countries are strengthening their domestic economies. In which few ways it is done?
A: The domestic economy is a term coined by Marvin Harris to describe the structural components of…
Q: Economists evaluate the success of an economy’s over all performance by how well it attains these…
A: The economic indicators of the country P economy would be the national income indicators including…
Q: Suppose there is an increase in the saving rate. We know that this will cause an increase in which…
A: Solow growth model is an exogeneous growth model which argues that in the short run growth is…
Q: 5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of…
A: Answer: Per capita income/GDP: It refers to the average GDP per person in an economy. Per capita GDP…
Q: Select one or more: a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's…
A: Gross domestic product is the market value of all final goods and services which is produced within…
Q: In a steady-state economy (i.e., the economy is at steady-state equilibrium) with 1% population…
A: The Solow growth model is generally used to show how growth in the labor force, increase in capital…
Q: What is Impact of governement expenditure on economic growth in rwanda
A: After the decimation of 1994 which carried the Rwandan economy to grassroots, the public authority…
Q: TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods,…
A: True Consumer goods refer to the items that are bought by the average consumer and are mainly final…
The answers are wrong I would like help to rearrange it.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?In the context of the circular flow model of the economy, which of the following best describes the relationshipbetween households, businesses, and the government?A. Households earn income by buying goods and services in the product market, spend that incomeon businesses, and pay taxes to the government, which then uses the revenue to provideresources.B. Households earn income by providing resources, spend that income on goods and services in theproduct market, and pay taxes to the government, which then uses the revenue for public services.C. Households earn income by paying taxes to the government, which then uses that revenue to buygoods and services from businesses, and businesses use the income to pay wages to households.D. Households earn income by providing resources to the government, which then redistributes thatincome among businesses to stimulate production and spending.Use the following to answer questions 9-12: 58. Refer to the above table. Between years 1 and 2, real GDP grew by __________ percent in Alta: A) 3 percent. B) 4 percent. C) 5 percent. D) 10 percent. 59. Refer to the above table. Between years 1 and 2, real GDP per capita grew by __________ percent in Alta: A) 3 B) 4 C) 5 D) 10 60. Refer to the above table. Between years 2 and 3: A) Alta's real GDP grew more rapidly than Zorn's real GDP. B) real GDP fell in Zorn. C) population growth reduced Alta's real GDP growth to zero. D) population fell in Alta. Refer to the above table. Per capita GDP was about: A) $105 in year 3 in Alta. B) $303 in year 3 in Zorn. C) $200 in year 1 in Zorn. D) $5 in year 2 in Alta.
- Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/849c5d9a-4bb7-48c4-8b89-ccc576cdc909 https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/044236d2-77e3-4fd5-af05-6b44169c63c0 a) Solve for Net Exports, Government Expenditure, Budget Deficit b) Continuing with the previous problem, what happens to the values in parts Autonomous Spending, Spending Multiplier, Disposable Income, Consumption Expenditure, Household Savings, Imports, Net Exports, Government Expenditure, Budget Deficit if we increase Government Purchases by 1500? Look at the link for the solutions for previous problem c) Continuing with part…An increase in the initial stock of knowledge: Suppose we have two economies—let’s call them Earth and Mars—that are identical, except that one begins with astock of ideas that is twice as large as the other: A Earth 0 = 2 × A Mars0 Te two economies are so far apart that they don’t share ideas, and each evolves as a sepa-rate Romer economy. On a single graph (with a ratio scale), plot the behavior of per capita GDP on Earth and Mars over time. What is the efect of starting outwith more knowledge?If all quantities produced rise by 5 percent and allprices fall by 5 percent, which of the following bestdescribes what occurs?a. Real GDP rises by 5 percent, while nominalGDP falls by 5 percent.b. Real GDP rises by 5 percent, while nominalGDP is unchanged.c. Real GDP is unchanged, while nominal GDP risesby 5 percent.d. Real GDP is unchanged, while nominal GDP fallsby 5 percent.
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…Societies choose what share of their resources to devote to consumption and what share to devote to investment.Some of these decisions involve private spending; others involve government spending. a. Describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education a form of consumption or a form of investment? b. Describe some forms of government spending that represent consumption and some forms that represent investment. In your opinion, should we view government spending on health programs as a form of consumption or investment?Would you distuinguish between health programs for the young and health programs for the elderly?
- Suppose the data BELOW is for a given year from the annual Economic Report of the President. Calculate GDP using the expenditure approach (Amount in billions of dollars): Corporate profits: $ 305Depreciation: $ 479Gross private domestic investment: $716Personal taxes: $ 565Personal saving: $120Government spending: 924Imports: $ 547Exports: $ 427Personal consumption expenditures: $ 2,966Indirect business taxes: $ 370Contributions for Social Security (FICA): $ 394Transfer payments and other income: $ 967The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B. a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?To measure the vital signs - or indicators of the strengths or weaknesses of an economy include factors other than the GDP. Below is a list of such additional economic indicators that also measure the strength of an economy. But ONE of the items listed is NOT an economic indicator that helps us assess the economic condition of the economy. Which one of the below IS NOT an economic indicator of the strength of an economy? Group of answer choices Relatively lower income inequality. Heavy government controls and large government spending. The lower percentage of people living below the poverty rate. Lower unemployment rate.