what causes two countries to have similar savings rates but different growth rate

Q: Higher productivity leads to lower levels of economic growth.

A: Economic growth is refers to sustained increase in real GDP and aggregate output in the economy.…

Q: Explain in your words that how a nation improves productivity?

A: The comparison between the amount of goods and services produced and the quantity of inputs required…

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: How can an increase in government spending boost economic growth and reduce unemployment in South…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Proposed strategies for achieving the objective of sustainable economic growth.

A: Economic Growth can be defined as a situation where there is an increase in the production of goods…

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: Discuss five (5) ways which the country can do to increase its savings rate.

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

Q: What information will you need to compute growth rate of investment?

A: The investment refers to the process of capital formation which leads to the addition of the capital…

Q: Suppose you are a highly regarded international economic advisor. You have been asked to assess the…

A: Economic growth is defined as an increase in the production of economic goods and services from one…

Q: what is differences in the types of incentives that economists propose for increasing economic…

A: Answer: Eсоnоmiс  develорment  inсentives  stаte  аnd  lосаl  gоvernment  effоrts  tо  enсоurаge…

Q: How a country's policies influence its productivity growth?

A: Productivity is defined as the average amount of output that can be produced using inputs, i.e it…

Q: How much should a nation be concerned if its rate of economic growth is just 2% slower than other…

A: The small difference in the rate of growth makes larger economic effect over a long period of time…

Q: Does a country need to be well endowed with natural resources in order to experience rapid long-term…

A: Economic growth refers to the increase in the amount of goods and services produced in the economy.…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Economic growth refers to the increase in an economy's real output derived from an increase in its…

Q: Does productivity has direct influence on a nation's living standards?

A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…

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: What type of economic growth is this country experiencing? Thanks!

A: Answer - Need to find - Type of economic growth country is experiencing  Given in the question -

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: What does the level of a nation's GDP measure?What does the growth rate of GDP measure?Would you…

A: As per national income accounting, the income earned by an economy during a period can be gauged by…

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: Explain the benefits or cost of economic growth and How to achieve growth?.

A: There are various issues that government has to deal with. Issues such as poverty, unemployment,…

Q: Understanding of growth is important because it means that the country wants to grow in which region…

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: Why does most countries have different investment priorities?

A: Answer: Introduction The countries in the world can be divided into developed and developing…

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: Differences in which of these variables do NOT prevent countries from converging to the same steady…

A: The convergence hypothesis predicts that as countries go from early industrialization to complete…

Q: what does it mean by productivity, why it is important and how to improve productivity growth for an…

A: An economy is defined as a vast network of interrelated production, consumption, and trade…

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: With three economies, each of which has a GDP per capita of $100. Trend growth in these economies is…

A: GDP per capita is measured as the ratio of total gdp and population . it shows how a person earn…

Q: List the factors that account for increases or decreases in productivity growth rates.

A: The measure that depicts the number of goods and services or output being produced by making use of…

Q: Is there hope for a country to grow in economy

A: Growth Rate: The magnitude of the growth rate can be determined by dividing the absolute change by…

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: Infrastructure contributes to the economic development of a country explain

A: According to the given question It is both the economic development and the infrastructure which…

Q: What is the GDP growth rate? What is GDP per capita growth rate? What is the productivity growth…

A: Definition of. GDP per hour worked. GDP per hour labored is a degree of hard work productivity. It…

Q: List and discuss at least three significant contributions a government can make toward a country's…

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With…

Q: Over a ten year period, country A and Country B had the same saving rates, but the result of the…

A: Economic growth of a country judged through GDP growth rate. The components of GDP are Consumption…

Q: The Impact of Globalisation on Economic Growth of Pakistan.

A: Globalization refers to the process in which the countries interact internationally for trading…

Q: rates of saving mean rates of productivity growth. Multiple Choice Lower: lower Higher, lower Lower.…

A: Savings refers to the disposable income that is not spent. Disposable income is the income available…

Q: What you mean by economic growth

A: Gross domestic product (GDP) is the monetary value of goods and services (G&S) that a country…

Q: Why do you think it is difficult for high-income countries to achieve high growth rates?

A: In a macroeconomic sense, for a country to grow and become high income, there needs to be an…

Q: What is the reason that productivity growth affects the economy?

A: There are four main factors of production which provide factor income.  Land- Rent Labor - Wages…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.