Understanding of growth is important because it means that the country wants to grow in which region and then can formulate its policies accordingly.

Q: What policies can the government of a free-market economy implement to stimulate economic growth?

A: Economic growth is the improvement in the economic performance of the economy. The free market…

Q: Which of the following are sources of growth?

A: Find : Which of the following are sources of growth?

Q: In the long run, the growth rate of output per worker is determined by the: the saving rate only the…

A: Steady-state growth rate Where,  'n' is the population growth rate 'g' is technological progress or…

Q: According to Adam Smith, where does the wealth of a country come from? What does society need in…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: Mexico​'s real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015.   Mexico​'s…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: what causes two country to have similar investment but different growth rate

A: There are many factors which affects growth rate of any country besides the investment.

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: In the long run, what will be the source of a country’s economic growth? a. Labor laws b. Labor…

A: Long run in the sense, there would be no fixed costs and only variable costs would be there.

Q: why is the reason that some country are not yet developed

A: A country is said to be developed if it has advanced technology and advanced infrastructure. A…

Q: the growth rate of potential GDP is not affected by a. the growth rate of nation's capital stock…

A: Potential GDP is the anticipated GDP that would be experienced if an economy is at full employment.…

Q: In most cases, wealthy countries have strong institutions that create incentives for economic…

A: This chapter is related to Economic growth. Economic growth is defined as the increase or…

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Answer. Option- d  Economic development without economic growth is correct. Economic development is…

Q: In what role do you think does savings and investments play in the economy? Explain your answer. In…

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

Q: In 2018, according to the International Monetary Fund, India had the world’s 7th-highest nominal…

A: The real and nominal GDP are the macroeconomic components that show the value of all the final goods…

Q: Economic growth is most affected by: a. money supply b. discovering natural resources c.…

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

Q: Disscuss three public policies that the government can implement to increase the growth factors. Use…

A: Public policies refer to the policies or the various instruments used by the central authority or…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: Explain in detail what are the differences between an emerging country and a developing country

A: Meaning of Emerging and Developing Country: An emerging country refers to emerging economy and…

Q: Consumers read positive economic news and then expect strong future economic growth

A: In this scenario the consumer spending increases, which helps the economy maintain its boom.

Q: Would you rather live in a nation with a high per capita GDP and low growth rate, or in a nation…

A: Answer in Step 2

Q: What are the economic growth indicators ?

A: Growth is usually referred to as increase in the rate of increment of Gross Domestic product(GDP).…

Q: A small county wants to increase its real GDP from $18,000 to $36,000. If they want this to happen…

A: If annual average growth rate is g, then Initial GDP x (1 + g)N = New GDP

Q: To improve problems with the economy, the government must reduce regulations and legal requirements…

A: LIBERALS are those who believe in governmental action for the achievement of equal opportunity and…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

Q: Explain why a fall in economic growth could lead to a rise in unemployment. Use a diagram to support…

A: Economic growth: It is the measure of the rise in the production of goods and services over a…

Q: Is it a good idea to maximize economic growth by producing and consuming more and more economic…

A: Economic decisions depends on factors of supply and demand of goods and services.

Q: Four Reasons why economic growth is important for a country

A: Gross domestic product is the market value of final goods and services that are produced within the…

Q: How are businesses affected by economic growth and what can governments do to create a stable rate…

A: Economic stability: Economic stability empowers other large-scale financial goals to be…

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

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

Q: Why Are the Factors of Production Important to Economic Growth?

A: Increases in the production of products and services from one period to the next are referred to as…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…

Q: WHAT IS THE IMPORTANCE OF ECONOMIC GROWTH?

A: Economic growth indicates that a country's limited resources are being used more efficiently. It is…

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 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: Compare the concept of economic growth and economic development and show the link between them

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Discuss three policies the government can implement in order to increase the growth factors in their…

A: Government policies to extend economic process are focused on trying to extend aggregate demand…

Q: An increase in would lead to an increase in long-run economic growth. a) consumer spending and…

A: Economic growth is the permanent increase in real GDP per capita.

Q: Suppose country A has a GDP of 4000 with a population size of 200; country B has GDP of 9000 with a…

A: Here we calculate the which country is more likely have better living standard by calculating the…

Q: What are three public policies that can facilitate growth in economy

A: Economic growth refers to the quantitative changes i the economy in terms of money supply, spending…

Q: In economics, we should know about the standard of living, the knowledge about Solow growth model…

A: Solow's growth model is designed to show how growth in the capital stock, growth in the labor force,…

Q: how higher saving in a country leads to a higher growth rate in that country.

A:

Q: Explain the important factors that stimulate the growth of economy

A: According to the given question Growth in economics means transformation or a movement of a economy…

Q: you give a choice to live in a country with high level of GDP and low growth rate or to live in a…

A: GDP- is the value of everything that is produced within the boundaries of a country in a particular…