The economy experiences faster economic growth: a)Inflation decreases b)Inflation increases c)Inflation stays the same d)Can't tell

Q: conomists measure economic growth as the a. percentage change in GDP deflator b. percentage change…

A: An increase in the market value of goods and services over a given period is referred to as economic…

Q: The following statement, concerning economic growth, is true: O Rapid and sustained economic growth…

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: Indicate which economy satisfies each of the following statements. Statement Austria Botswana…

A: Real income is the income of individuals after adjusting the rate of inflation. It is estimated by…

Q: Which one of the following is the most accurate description of growth theory? A) Growth theory…

A: Growth Theory:- The classical growth theory says that the growth of economy will reduce or end due…

Q: xponential growth implies that ________. growth rates can only be positive growth rates will…

A: Exponential growth function is: f(x)=A(1+r)n where A is initial amountr is the growth raten is the…

Q: The government can achieve permanent higher growth rates by having two determinants of growth. The…

A: There are two determinants that can achieve permanent and higher economic growth. Capital…

Q: Explain why the positive growth rate of RGDP, which is already adjusted for inflation, doesn’t…

A: The GDP is a metric that reflects both the economy's total income and total expenditure on goods and…

Q: With regards to macroeconomic growth, the most common goal is to achieve:  a gradual/progressive…

A: Economic growth refers to the steady increase of production of output over different periods. When…

Q: Economic growth is best defined as an increase in:

A: It is important to measure economic growth for knowing the the position of countries economy.

Q: The real GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal…

A: Real GDP growth rate = (18,664.63 / 18,121) - 1 = 1.03 - 1 = 0.03 = 3.00%

Q: The Accelerated and Shared Growth Initiative for Botswana was launched by Deputy President in…

A: A binding constraint is one where some optimal arrangement is on the line for the constraint. Along…

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: What happens to the economic growth if the unemployment rate increases

A: According to economic theory ( Okun's Law), growth rate and unemployment are inversely related i.e.…

Q: Identify one developed and one developing country.  Research their recent economic growth rates.…

A: Consider a developed country United States of America and a developing country India. Economic…

Q: Why do diminishing returns not limit growth in new growth theory? Diminishing returns do not limit…

A: New Growth Theory states that knowledge about how to produce goods and services is an important…

Q: A number of countries in the world have achieved sustained economic growth. In all of these…

A: The sustainable economic growth is the implication of the growth rate that an economy has achieved…

Q: Which is NOT a source of productivity growth?

A: Firms try to increase productivity with various method.

Q: Explain the difference between long-run and short-run economic growth!

A: In an economy, economic growth is explained in two different periods such thay short-run and…

Q: 4.1 If real GDP in a small country in 2017 is $8 billion and real GDP in the same country in 2018 is…

A: GDP or gross domestic product refers to the total value of all goods and services produced in an…

Q: THREE reasons why some Government policy does NOT increase productivity and economic growth. Ensure…

A: Throughout history, every government has used some sort of industrial policy—public programs aimed…

Q: What must have happened when nominal GDP growth is lower than real GDP growth? Select one…

A: Nominal GDP (NGDP) = Real GDP (RGDP) x [GDP Deflator (F) / 100] So, % growth in NGDP = % growth in…

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: Malaysia’s real GDP was $560 billion in 2010 and $570 billion in 2011. Malaysia’s population was…

A: i. Economic growth rate = {(GDP at present value -GDP at initial value)/ GDP at initial value}* 100…

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: What would be the effect of each of the following events on actual and potential economic growth?…

A:

Q: Which of the following is a potential "cost" associated with economic growth? a. Greater power…

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: Which of the following policies is LEAST likely to cause economic growth? (A) The extraction and…

A: When there is increase in economic activities of the country, then it is said that economic growth…

Q: Q12: Which of the following policies does not stimulate economic growth in the long run? (a) To…

A: Economic growth depends upon the level of investment in the economy. In the long run, the investment…

Q: The real GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal…

A: The GDP or gross domestic product is the monetary value of all services and commodities produced…

Q: Which one of the following is not true for the process of long-run economic growth? A) Societies…

A: Long-run economic growth is defined as the sustained rise in the quantity of goods and services that…

Q: In order to achieve economic growth we need to either gain more resources or new

A: Economic growth is characterized as an expansion in a country's production of labor and products. An…

Q: Long-run economic growth can occur as a result of

A: Economic growth occurs as a result of increase in GDP.

Q: The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population…

A: The gross domestic product (GDP) is defined as the market value of all the final commodities(goods…

Q: What are the two major determinants of the overall growth of the economy according to the view of…

A: -Economic growth is the increment in the market worth of the labor and products that an economy…

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: Two ways in which the manufacturing sector can contribute to economic growth

A: Economic growth is a rise in the level of services and goods that are sustained over a long period…

Q: Suppose Botswana’s nominal GDP increases from $200 billion in 1998 to $250 billion in 1999.…

A: Economic growth , which can be estimated in both real and nominal terms, exhibits an increment in…

Q: How do I explain how changes in unemployment and inflation are related to changes in GDP growth?  My…

A: In 1980s, growth in the economy was steady, unemployment was low and inflation was subdued. Not…

Q: Explain the consequences of both too low and too high a growth rate

A: Economic growth refers to the increasing production activities in a country over a specific period…

Q: How do culture and institutions interact, as two fundamental causes of long-run economic growth?…

A: Culture: It refers to the set of rules and regulations, laws, language, etc which people use for one…

Q: What caused China's phenomenal economic growth rate over the last 30 years, and why is it likely to…

A: 'Economic growth is described as a rise in the manufacturing of services and goods compare from 1…

Q: Which of the following would not necessarily lead to long-term economic growth

A: A rise in the output of goods and services in an economy is referred to as economic development.…

Q: Small differences in growth rates in the size of the economy, over several decades, will result in…

A: GDP means total value of goods and services produced in national boundaries in a year . And real GDP…