Outline the main factors which determine the level of productivity in a country

Q: The table below gives the growth statistics for the USA in the last 15 years. Growth Rate (% per…

A: Given that  Output per worker =1.23% Capital stock per worker =0.83% Expected growth of real wages…

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: Examine the relationship between the two countries base on the graph and table provided. And list…

A: We summarized that from the above data , GDP of Norway increases in a consistent way, yet it…

Q: Explain in your words that how a nation improves productivity?

A: The comparison between the amount of goods and services produced and the quantity of inputs required…

Q: If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be…

A: A nation's productivity refers to the level of production that the economy is able to achieve with…

Q: Labor productivity and economic growth outlined the logic of how increased productivity is…

A: The positive relationship between the labor productivity and the wage rate can be explained through…

Q: Proposed strategies for achieving the objective of sustainable economic growth.

A: Economic Growth can be defined as a situation where there is an increase in the production of goods…

Q: if a nation has a population of 100 million, a labor force of 60 million, GDP of $100 billion , then…

A:

Q: What is the true meaning of Economic Development? How can it influence productivity in a country?…

A: True meaning of Economic Development Economic and social growth is the mechanism by which a…

Q: Considering the determinants of productivity, in a few paragrahps list and explain some things that…

A: The efficiency with which the different resources are utilized with a country's economy to produce…

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: What is the impact of productivity growth on a nation's inflation rate or level

A: Inflation rate: It means a general rise in the price level in an economy over a period of time.

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: In the countries of South Asia in 1992, only 56 young women were enrolled in secondary school for…

A: The opportunities for education is an important factor which leads to economic growth in the…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: Productivity is a proportion of economic execution that looks at how much labor and products are…

Q: 20. In recent years, many DVCS have come to realize that A. private capital investment is essential…

A: IAC or Industrially advanced countries are those countries that have a high level of per capita…

Q: Explain why economic growth is a necessary condition but not sufficient condition for economic…

A: The economic growth is the increase in the real output of the economy in a period of one year time.…

Q: Productivity varies across countries because of differences in (Check all that apply) O A. physical…

A: Productivity is the output produced per unit of input. Different countries have different amounts of…

Q: Describe the difference between human capital and technological knowledge in terms of workers’…

A: Human capital is defined as the required skills, expertise, knowledge, and experience that an…

Q: Social and institutional innovations are as important for economic growth as technological and…

A: A nation earning a positive income/GDP can be termed as its "growth", but with a positive social…

Q: In the mid-1990s, it appeared that productivity growth increased substantially in the U. S, economy.…

A: The economy of the United States of America (US) experienced around 25 years of sluggish gains…

Q: is it true or false that the growth rate of the GDP per worker for an economy where the capital to…

A: The quantity of capital required to create one unit of output is referred to as the capital output…

Q: Considering the determinants of productivity, can you list and explain some things that would tend…

A: There are four determinants of productivity: 1) Human capital 2) Natural resources 3) Technological…

Q: Improvements in their productivity of labor will tend to

A: productivity of labor estimates the hourly result of a nation's economy. In particular, it outlines…

Q: List THREE public policies that can facilitate economic growth in a Caribbean economy.  Use at…

A: Answer - Caribbean Economy - It is the series of island .The economy of these island depend on…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: The productivity refers to the efficiency in production of goods and services. It is described as…

Q: improvement in the productivity of labor will tend

A: The productivity of labor refers to the number of goods and services produced by the labor at a…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: There are four determinants of productivity. They are: Physical capital Human capital Natural…

Q: Mention two factors which cause the rapid growth in population in South Africa

A: South Africa is a nation of 60 million people (estimated). It is very interesting to know that its…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: Four Reasons why economic growth is important for a country

A: Gross domestic product is the market value of final goods and services that are produced within the…

Q: How to calculate Average annual growth rate of real GDP per worker, Real GDP per person, Real GDP…

A: The real GDP per capita is calculated by dividing the actual GDP by way of the overall…

Q: Look at the hypothetical data in the table below: Real GDP per capita Nigeria-$1,000 Mexico-$8,000…

A: Two sources of growth are size of work force and growth of productivity. Among these two sources of…

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

A: Economic development usually takes precedence over economic expansion. Economic growth refers to the…

Q: Which of the following statements about economic growth is false Select one: O a. Economic growth…

A: Economic growth refers to the situation when an economy generated relatively more output than…

Q: Achieving higher gross domestic product (GDP) growth is the prime aim of every developing country.…

A: Yes. It is true that for any developing economy, GDP growth rate acts as an index for its…

Q: All of the following lead to an increase in productivity except for    a. an increase in physical…

A: Productivity is a measure of the efficiency of production. Higher productivity leads to increased…

Q: Describe Factors that may hinder economic growth

A: Economic growth refers to a rise in the production of economic goods and services, compared from one…

Q: The growth rate of potential GDP is not affected by   a. the growth rate of the labor force.   b.…

A: Potential GDP is the level of output that the economy can produce at a constant inflation rate. It…

Q: country of Azard, businesses use new smart cell phones to speed up many tasks such as sales…

A: Cell phones are an indispensable piece of business hardware for some entrepreneurs and their staff.…

Q: Describe how the labor force, the nation's capital stock, and the rate of technical progress…

A: The term labor productivity is the ratio of output to the labor.

Q: Explain the important factors that stimulate the growth of economy

A: According to the given question Growth in economics means transformation or a movement of a economy…

Q: Provide a detailed introduction to both Economic growth and economic development

A: Economic growth and Economic Development might seem similar but are two different approaches.…