Most of less developed countries have achieved higher economic growth during the past ten years, but still have lower real gross domestic product per capita compared to other countries. discussion

Q: From 2015 to 2018, the following statistics apply to Country A and Country B is depicted in the…

A: Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Real…

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: Question 5 In 2018, the imaginary nation of Lillyia had a population of 8,300 and real GDP of…

A: Real GDP per capita = Real GDP / Population

Q: Higher productivity leads to lower levels of economic growth.

A: Economic growth is refers to sustained increase in real GDP and aggregate output in the economy.…

Q: The lower-income industrial countries are catching up to the higher-income industrial countries in…

A: True The given statement is true. In these recent years the lower or middle income industrial…

Q: In 2021, a nation’s population was 10 million. Its nominal GDP was $40 billion, and its price index…

A: Economic growth is calculated as a percentage change of real GDP per capita of two countries.

Q: Evaluate the view that increased investment is the most important factor in achieving a faster rate…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: Please define and discuss Economic Growth with examples

A: Economic growth means a rise in the production of goods & services in a country. It means a rise…

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: State some reason why the demographic trend and Human Development Index may affect the Gross…

A: Demographic trend is related to the population of the country. In the demographic trend, different…

Q: Explain the relationship of ‘innovation’, ‘geography’ and ‘education levels’ relative to the rate of…

A: Innovation means the development of ideas and technologies that help in improving the production of…

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: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…

A: Public policies refer to the policies that are implemented by the governments to achieve certain…

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Economic growth: When production rises during a country's economy is remarked as an economic…

Q: Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950…

A: It is the total value of goods and services that are produced in a country during a given period of…

Q: From 2010 to 2020, Benin recorded an average economic growth rate of 4% and average labour growth…

A: The Gini coefficient gets used to measure the extent of inequality in an economy by comparing the…

Q: À nation's real GDP was $300 billion in Year 1 and $309 billion in Year 2. Its population was 120…

A: When the total amount of goods and services produced in the economy by taking into consideration of…

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Answer. Option- d  Economic development without economic growth is correct. Economic development is…

Q: Of the following countries, which one had the highest average growth rate per year from 1993-2012?…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: In 2018, according to the International Monetary Fund, India had the world’s 7th-highest nominal…

A: The real and nominal GDP are the macroeconomic components that show the value of all the final goods…

Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…

A: A government's nominal GDP is determined using price levels and is not indexed to inflation. Compare…

Q: Research the following National Development Indicators and explain briefly: Gross Domestic Product…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…

A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…

Q: Which of the following is NOT an institution as defined by the study of economic growth a) the…

A: The United nations is not an Institutions as defined by the study of economic growth.

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: Shows how the graph will look for the positive relation between growth rate and standard of living…

A: When a country grows and started producing more output the standard of living for the people's also…

Q: Compared to China, the US has a higher growth rate of output per capita Higher worker productivity a…

A: The correct option is all of the above. Compared to China, the US has higher growth rate of output…

Q: Would you rather live in a nation with a high per capita GDP and low growth rate, or in a nation…

A: Answer in Step 2

Q: (a) Total output per hour in each year (b) Growth rate in output per hour in each year (c)…

A: Productivity of labor is the output produced by labor in given period of time.  Productivity can be…

Q: What is the contribution of exports to economic growth? Comment on the export comparison chart below

A: Export has a very important role in economic growth. The export growth is an injection into flow…

Q: Which of the following refers to those who are interested in assessing the relative standard of…

A: National income is a parameter to gauge the performance of a nation during a given period of time.…

Q: Explain about the positive relation between growth rate and standard of living of a country.

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…

Q: Describe and compare the long run economic growth of a developed and a developing country

A: Economic growth is a term that is used to define the development of countries.

Q: Important of relief features to the economic growth of a country

A: Relief features are no example of waste where water directs are available.  In the investigation of…

Q: Average Growth Rate (2000-2015) of Per Capita GDP Population GDP High-income countries United States…

A: Per capita GDP is expressed as the ratio GDP of a country and total population. It is shown as…

Q: What measure of economic development that is used most often to classify nations as industrially…

A: Real per capita income is one of the major economic development that is used most often by the…

Q: List and discuss at least three significant contributions a government can make toward a country's…

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With…

Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…

A: An economic growth rate is the rate change in the worth of the merchandise as a whole and…

Q: China is doubling its GDP every 7 years being fastest growing economies in the world history.…

A: According to Rule of 70: The number of years to double = (70 / Annual growth rate) Note: If the…