Productivity refers to the amount of goods and services produced in a certain country. Select one: O a. True. O b. Fales.

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A: Rule 70 is an important concept in economics. It is used to calculate the approximate time taken by…

Q: 7. A country's GDP is expected to grow at a constant rate of 3%, and population grows at rate of 2%.…

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Q: escribe the impact of Entrepreneurship on any country’s economic progress

A: One of the major impact of Entrepreneurship is its contribution to economic growth of the country's…

Q: The catch up effect means that countries that start off rich tend to grow more rapidly than…

A: Catch up effect states that a poor country that has low initial growth rate but higher productivity…

Q: Say that the average worker in Argentina has a productivity of $15 per hour while the average worker…

A: Productivity is the effectiveness of the creation of labor and products communicated by some action.…

Q: What are the terms of trade effect and wealth effect of growth? explain in detai

A: The terms of trade(TT) are the proportion of the price(p) of export to the price of import, and it…

Q: Which of the following will not increase the average productivity of labor? O a. an increase in the…

A: Productivity of labor tends to have a direct impact on the growth of the economy and help in…

Q: Which one of the following statements is correct? O a. Slower population growth rate than national…

A: The given options are analyzed below –   Option (a): The Solow Model which defines the long run…

Q: Which of the following is correct?   a)A decrease in theproductivity of labour leads to economic…

A: ‘Economic growth’ refers to the increase(↑) in the production of goods & services compared to…

Q: Which country's labor force has a lower productivity?      A) Uruguay       B) Paraguay       C)…

A: The labor productivity is an amount of GDP produced by 1 hour of labor and is measured by dividing…

Q: Describe the difference between how Economic Expansion and Economic Growth can be displayed on the…

A: The Production Possibility curve can be used to explain two important economic concepts - Economic…

Q: Which of the following can increase the future rate of growth of the U.S. economy and contribute to…

A: Economic growth is an increase in the gross domestic product of a country over time. It can be…

Q: or a country like Oman how can the Gross capital formation be increased? elect one: O a. None of…

A: GROSS CAPITAL FORMATION: Capital formation is a term that describes the total capital collection…

Q: t

A: A policy is a deliberate system of principles for guidance of decisions and achievement of rational…

Q: Say that the average worker in Argentina has productivity of $10 per hour while the average worker…

A: Productivity: In economics, productivity can be defined as the output per unit of input. When…

Q: China and India have large GDPS; therefore, they are considered developed nations. O True O False

A: GDP is that the total value of the commodities produced within the precise geographic boundaries of…

Q: Why are some countries today much poorer than other countries? Are today’s poor countries destined…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then…

A: Growth, the interaction by which a country's wealth increments over the long run. Albeit the term is…

Q: Economic growth may be described as? Select one: O a. An increase in money available to the economy…

A: GDP , also called Gross domestic product, is a standard method used in estimating the level of…

Q: All of the countries that grant considerable economic freedom have experienced positive rates of…

A: The Economic Freedom of the World index indicates that Economic freedom is the fundamental right of…

Q: The per capita output of an economy is likely to increase if: O a. the government manages the…

A: In an economy, per capita output refers to the average quantity of output available for an…

Q: QUESTION 22 A typical worker in Chile produces 64 batteries in 8 hours a day, while a typical worker…

A: Note:- Since we can only answer one ques at a time, we'll answer the first one. Please repost the…

Q: Is it possible to have economic growth with no opportunity cost? A)Yes, economic growth requires no…

A: 4th option is correct. Opportunity cost is the cost of next best alternative foregone. To have…

Q: If the value of the goods and services a country produces decreases while its population stays the…

A: Given that the value of the goods and services a country produces decreases while population stay…

Q: QUESTION 16 Af 60 per cent of the population in a country is employed and average labour…

A: Labor productivity refers to the output produced per unit labor employed. Number of individuals…

Q: Institutions are important to a country's prosperity because institutions affect Select one: O a the…

A: An institution is an established organization to monitor the working of the country, to monitor how…

Q: was one of the first countries to experience long-term economic growth during the nineteenth…

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Q: ccording to Hickel how do rich countries de-develop? And the effects on it to the countries

A: According to Hickel, they may de-develop by restricting economic development and abuse, which leads…

Q: One country would invest in a developing nation's businesses to achieve a favorable return in the…

A: Developing Countries: Any country that has low score on the Human development index (HDI) (which is…

Q: QUESTION 7 If foreign immigration (only) increases the number of workers in the US by 10%, GDP per…

A: Given: Foreign Immigration increases the number of workers in US by 10%.

Q: hy is there so much unemployment and underemployment in the developing world, especially in the…

A: Unemployment: It refers to the people who do not have jobs to do. Increase in an unemployment shows…

Q: Chapter 8: Economic Growth I: Capital Accumulation and Population Growth Question: The .. . level of…

A: The solow model is one of the most important neoclassical growth models which would result in the…

Q: Jtilizing the aggregate production functions to the right, Robert Solow asserted that the most…

A: We are going to discuss the inevitable contribution of technological change into the economic…

Q: Say that the average worker in Canada has a productivity level of $30 per hour while the average…

A: Productivity levels are determined on the basis of the contribution of an average worker in output…

Q: The question am asking is based on the capabilities approach developed by A. Sen. My question is How…

A:

Q: What is the opportunity cost of economic growth? O A. Land. B. Both capital goods and land. OC.…

A: Opportunity Cost is the cost of producing NEXT BEST ALTERNATIVE. For EXAMPLE - Say a person is…

Q: Which of the following statements about the opportunity cost of economic growth is correct? The…

A: The opportunity cost of economic growth is the consumption that's being given up today to have more…

Q: Assume a country increases the production of capital goods (& decreases consumer goods). This will:…

A: An economy generally produces teo types of goods that are capital goods and consumer goods. Capital…

Q: rate that is and an annual growth rate in real GDP that averages. Select one: O a. less than 10 % ;…

A: The unemployment rate would be close to the natural of unemployment when economy operates at the…

Q: Labor productivity growth depends on I. saving and investment. ii, increases in human capital. il.…

A: The improvement in labor productivity, or labor productivity, is called "productivity growth."…

Q: ) Knowing that at the autarky equilibrium (Px/Py), = Y4 and (Px/Pa) =4, and that commodity X is more…

A: The production possibility frontier is a curve that illustrates the combination of two goods that…

Q: Saudi Arabia is an oil-rich country in the Middle East. The oil in Saudi Arabia is for the country.…

A: Around 17% of the world's proven petroleum reserves are held by Saudi Arabia.The oil and gas…

Q: xplain why U.S. potential GDP per worker per week is greater than that in Europe. Vhat could induce…

A: Reason for more potential GDP per worker:The potential GDP per worker in US is more than the Europe.…

Q: ). Economic development is measured by. a) an increase in the aggregate level of output. O b) an…

A: The volume and variety of economic resources, as well as their equal distribution, are all…

Q: Say that the average worker in Argentina has a productivity of $15 per hour wh average worker in…

A: Given the productivity of Argentina = $15 per hour The productivity of Brazil = $14 Time period = 5…

Q: Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001,…

A: GDP is the value of final goods and services produced in the country within a given period of time.

Q: If country A produces 6,000 units of goods and services using 600 hours of labor, and country B…

A: Productivity is used to measure how efficiently an input is in production of a good. It is…

Q: How can the study of macroeconomics help a country's economic managers? O a. All of these are…

A: Macroeconomics is the study of a country's aggregates.