To spur economic growth, underdeveloped countries should: trade with foreigners. O do all of these. education their population. O protect property rights.
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- Select a developing country that interests you and searchfor evidence suggesting which factors are the bindingconstraints on growth.Descibe differences between economic growth and economic developmentOrthodox or conventionaleconomists say that to address unequal growth between the rich and the poor, the world economy needs to grow Do you agree with this idea? Why or why not? Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your According to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not? How can humanity possibly find a balance between economic growth and social justice?
- Choose one developed country (or one LDC that according to Rostow has already experienced takeoff). How well does Rostow’s stage theory explain that country’s economic growth?Suppose a country’s total output is growing 10 percent per year, but its population is growing 11 percent per year. What will happen to living standards? a. Rise. b. Fall. c. Remain the same.Assume there is a second economy ( country B ) with everything identical to country A except for the rate of population growth , which is 2 percent . Answer the following questions for country B. Assume both countries start a k = 0 , which country grows more in the short run ( before steady state is reached ) , as given by the rate of growth of output per worker ? ( hint : the further away from steady state , the faster the growth towards it ). O. Country A O. Same for both O. Country B
- (b)How poor countries can sustain high growth and development?A nation can achieve higher economic growth if: a)the productivity oflabor declines. b)more resources areallocated to consumption goods. c)it devotes more resources to research and development. d)taxes are imposed oninvestment in capital.Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The annual growth rate in West Swimsuit is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of West Swimsuit? What will the income of the two countries be when it is equal? solve it correctly please. I will rate accordingly. Ty-ped answer please...
- What other factors, aside from labor productivity, capitalinvestment,andtechnology,impacttheeconomic growth of a country? How?If the Philippines has to learn from Rostow , Harrod and Domar, development can only happen when a country prepares for it. Given that, discuss five (5) ways which the country can do to increase its savings rate.Define the terms 'Population Growth'?
