The GDP growth has been limited to 1% in the Ottoman economy in the period of 1820-1913. How can you explain this very poor GDP growth performance?

Q: Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before,…

A:

Q: How do I calculate average percent growth of Real Per Capita GDP using FRED database for years…

A: The growth rate refers to the rate at which a variable changes in percentage terms from period to…

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: Developing country needs FDI to promote its own economic growth. Do you agree or disagree? What…

A: A)  Becsuse FDI and economic development are positively depending on each other. Accordingly, Yes…

Q: The most commonly used measure of the economic growth of a country is which of the following? (A)…

A: Economic growth is measured by the increase production of goods and services per capita by a country…

Q: If in 2008 China’s real GDP is growing at 9 percent a year, its population is growing at 1 percent a…

A: The number of years taken to double the GDP per person can be calculated by using the rule of 70.…

Q: 2004 and 2014. This could be achieved if the economy grew at an average rate of at least 4.5% in the…

A: Answer in step 2

Q: Economists who believe that the recent increase in the average productivity growth rate may be…

A: The super-normal growth in the USA during 1995-2009 was experienced due to factos like high…

Q: If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate?…

A: We could solve this with the help of formula

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: Year GDP Per Capita Population Capital Labor Education 1960 1,224.79 40,818.61 24.749 208,509.8…

A: With the given information, we calculate GDP= GDP Per Capita* Population and GDP Per Worker=…

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: Are higher long-run capital-income ratios associated with lower growth rates?

A: The Solow model is an economic growth model that examines the change in the output level in an…

Q: Formulate 5 specific ways or programs for the government to create faster ways of economic growth,…

A: Microeconomics and macroeconomics are the two most important branches of economics. Microeconomics…

Q: I am looking for the formula to solve this problem: Suppose a country's real GDP per capita was…

A: The Gross Domestic Product is the summation of the money value of all the final goods and services…

Q: Why might the Coronavirus pandemic cause slowed economic growth?

A: Economic growth is influenced by economic variables that have direct or indirect relationship with…

Q: If the growth rate in an economy is 2%, its GDP will double in about:    48 years.…

A: Rule of 70 is used to determine the expected time in which the value of investment done in time 0…

Q: It has been shown that productivity explains most of the increase in living standards associated…

A: Productivity:- Productivity can be defined as the ratio between the volume of output produced and…

Q: What can be inferred with respect to economic growth and price control in GDP per capita (current),…

A: What may be deduced from GDP per capita (current), GDP growth rate, and inflation rate in terms of…

Q: Why is economic growth important? Why could the difference between a 2.5 percent and a 3 percent…

A: Economic growth implies increase in productive activities within a given period of time. It can be…

Q: In 1960, per-capita GDP in Japan was 1/3 of that in the UK. By 1990, Japan and the UK had equal GDP…

A: Following formulas are used, Total growth rate of per capita GDP = Average growth rate of per capita…

Q: China had about same per capita GDP as that of India in 1970s. In the intervening decades, per…

A: Government uses fiscal policy to increase economic activities by increasing aggregate demand. Now…

Q: In the period of 1950-1973 the GDP average growth rate reached 9.3 % in Japan and approximately 4 %…

A: Gross Domestic Products defined as the total of market values of al final goods and service. GDP…

Q: In 2017, the productivity level of both Germany and the US was $ 72 per hour. Germany's productivity…

A: Productivity indicates the efficiency of inputs used in a production process. It measures the ratio…

Q: Name and explain three of the five policies to achieve faster economic growth.

A: When comparing one period of time to the next, economic growth refers to an increase in the…

Q: growth in real GDP is not always seen as economic growth. why?

A: GDP or Gross Domestic Product refers to final market values of all goods and services produced in a…

Q: Suppose that society decided to reduce consumption and increase investment. How would this change…

A: Investment and Consumption: Every economy has a budget constraint.This budget can be utilized for…

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: What rate of GDP growth would the government need to meet its goal of doubling the population's…

A: If the government want to meet its goal of doubling the living standard in 18 years then they are…

Q: Last year real GDP in the imaginary nation of Oceania was 561.0 billion and the population was 2.2…

A: Here, real GDP per person-year before last year =500000/2=250000 real GDP per person last year…

Q: All values are 2005 dollars. Part a) Calculate the growth of GDP/capita in each column. Part b)…

A: There are two forms of measures of GDP: nominal GDP and real GDP.  Nominal GDP ascertains the value…

Q: Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and…

A: Supply-side Economics The macroeconomic view of supply-side economics is conservative and…

Q: Explains the problems that declining populations can cause for long-run economic growth

A: Economic growth is an expansion in the production of goods and services in an economy. Economic…

Q: The measure of GDP for economic growth is not always perfect. Describe any two problems that are…

A: Solution: Gross domestic product GDP (Gross domestic Value) is the total value of goods and services…