QUESTION 18 Which of the following is a source of long-run economic growth for a country? O a. Technological enhancements toward the use of productive resources. b. An increase in the amounts of available productive resources, such as greater areas of fertile lands. Oc. Advances in entrepreneurial skills and human capital. Od. All of the above are sources of long-term economic growth.

Q: Which of the following is unlikely to affect the rate of economic growth? O the quality of available…

A: The rate of economy growth will get affected when the next period's rate of economic growth is…

Q: untries? a) Country 1 has a higher savings rate b) Country 2 starts out with a…

A: Capital good raises the productive capacity over the long run but in short run consumption level…

Q: QUESTION 3 Many economists studying the productivity-growth patterns in the U.S. believe that in the…

A: * ANSWER :-    * The answer is TRUE  *Explanation :-  Between 1995-2010, labor producitvity in US…

Q: 1. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked.…

A: Work hours = 2000 Productivity = $8 / hour in year 1 GDP in year 1 = Work hours * Productivity GDP…

Q: What is meant by economies of scale and what is the importance of this concept to  economic growth?

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequality…

A: The forum that engages business, political, and other social leaders for shaping regional, global,…

Q: Using the economic data below, Which statement is true? Year GDP in Billions GDP Growth Rate…

A: In an economy, expansionary situation is when an economy is growing it's output more than the…

Q: QUESTION 20 Which of the following statements is most accurate about modern economic growth? O a.…

A: * ANSWER :-  * The OPTION B  is correct answer. * Explanation :-

Q: year, real GDP in Ghana was $50 billion and the population was 38 million. The year before, real GDP…

A: The total gross domestic product (real GDP) is the adjusted inflation rate that reflects the value…

Q: QUESTION 8 Assume that an economy experiences both positive population growth and technological…

A:

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: Question 9 Which of the following statements is true? 1. If output per head is proportional to the…

A: Answer: If output per head is proportional to the number of ideas had in the past then an increase…

Q: 12. The direct driver of economic growth is change.. a) level of taxation; b) number of economically…

A: Economic growth only comes from increasing the quality and quantity of the factors of production,…

Q: Economic growth is defined as the percentage change in O a) population. O b) price level. O c) real…

A: Economic growth refers to increase in income.

Q: Figure 1.1 is a hypothetical economy producing SUV's and Cars. Which of the following do not…

A: Production possibility curve shows the different combinations of two goods that can be produced with…

Q: 5. Which of the following institutional arrangements is most likely to promote growth? a. patents…

A: Institutional arrangements are mainly set of agreements on the division of the respective…

Q: 8. In many developing nations, young women have historically had lower school enrollment rates than…

A: Economic growth refers to the increase in the output level of an economy in a period. It is based on…

Q: Question 67 Which of the following is most likely to result in accelerated economic growth? O Higher…

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

Q: 3. Which of the following is not one of the three terms used to describe and compare the level of…

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

Q: President Kwame Nkrumah of Ghana had the Akesombo Dam built on the Volta River. It was expected that…

A: Countries can overcome this stagnation and continue to grow by inventing new technology, according…

Q: The table provides some data on real GDP and the population of Iberia in 2014 and 2015. Real GDP…

A: The real GDP is adjusted for the inflation. Real GDP per person is calculated by divided the Real…

Q: QUESTION 6 The Solow growth model shows that O A. in the absence of productivity growth, economic…

A: The Solow growth model refers to one of the economic models that explains the economic growth in the…

Q: Give an example of why property rights and political stability are important for a nation's economic…

A: There are very good examples of how political stability is most important for the countries economic…

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: Assuming that real GDP per person is a good measure of living standards, between 2016 and 2017,…

A: Basics:- Real GDP is calculated without inflation impact on output. Standard of living means…

Q: Which of the following is not a determinant of economic growth? O a. Growth in physical capital. O…

A: Economic growth is defined as the process whereby the final goods and services increase in the…

Q: Question 5 5.1 Suppose an economy's production function is Y = AK L'«. If the annual rate of…

A: Question 5:- Given; Production Function; Y=AKαL1-α Annual rate of economic growth= 4.5% Labor growth…

Q: 62. What is a problem with the geographical explanation for economic growth? (A) It ignores…

A: Economic growth, in literal words, refers to the process of producing goods and services for over a…

Q: Using the economic data below, Which statement is true? Year GDP in Billions GDP Growth Rate…

A: Expansion:- Expansion is the period of economic growth in which real GDP expands for more than two…

Q: Question 3 Economic growth is measured by the growth rate of O real GDP per capita. inflation. O…

A: Answer to the question is as follows:

Q: What are some of the reasons for the ncreased productivity growth? * O Start-up firms and increasing…

A: The reasons for increased productivity can be explained as :

Q: What annual growth rate will result in a country roughly doubling its GDP in 10 years? Select one:…

A: Gross domestic product is the value of final goods producing in a territory over a period of time.…

Q: An increase in the production of capital goods and a reduction in the production of consumer goods…

A: The economic growth is the increase in the value of all goods and services produced in a given year.…

Q: 13. Assume that an economy experiences both positive population growth (8× ) and technological…

A: Balanced growth path is a state in an economy at which all the variables such as consumption,…

Q: 2. In order to have a higher and inclusive growth, "Capital in its different forms whether (i)…

A: Savings refer to the proportion of income which is not spent on present consumption .

Q: 5. Suppose that the economy's production function is Y = √K√LA where K is capital, L is labor, and A…

A: The Solow Model steady state shows how the savings per worker per period is equal to the change in…