Which is NOT a source of convergence of GDP (Gross Domestic Product) per capita between rich and poor countries? a) Technology transfer b) International labor market c) Population growth d) Capital accumu

Q: What information will you need to compute for the following: Growth rate of investment Growth rate…

A: The economics as a study is based upon the idea that the resources which the economies, or the…

Q: Which countries will have a better standard of living? a. Those in poor countries b. Those with low…

A: Developed countries has higher GDP per capita which means that the output produced by people of…

Q: Explain the relationship of ‘innovation’, ‘geography’ and ‘education levels’ relative to the rate of…

A: Innovation means creating of new ideas, thoughts in the production process that is designed to save…

Q: In 2000 GDP per capita was 18.3, capital/output was 3.3, human capital was 4.8. In 2010 GDP per…

A: The relationship between production output and production inputs is represented by a Cobb-Douglas…

Q: Answer the attached question

A: A. Real GDP per person can be calculated as follows: Real GDP per person=Population employed×Average…

Q: Which country has the higher GDP per capita measured in purchasing power, India or Mexico? a.…

A: PPP is the purchasing power parity that measures the purchasing power of one currency in terms of…

Q: Discuss three (3) negative consequences of population growth.

A: Population growth is the process of increasing the number of people or individuals in a geographic…

Q: if a nation has a population of 100 million, a labor force of 60 million, GDP of $100 billion , then…

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Q: Which of the following two countries A and B ceteris paribus do you expect to have the higher…

A: A - Country A will have higher level of GDP growth because it features a higher GDP per capita

Q: Explain the relationship of ‘innovation’, ‘geography’ and ‘education levels’ relative to the rate of…

A: Innovation means the development of ideas and technologies that help in improving the production of…

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: Discuss the merits and demerits of real GDP per capita a measure of a country’s living standard

A: The average national income per person that adjustable for inflation is referred to as real GDP per…

Q: Assume that capital share is 35%. GDP in country A grew at the rate of 3.5% per year. Capital grew…

A: Total factor productivity is given as the measure of the effectiveness of the economy in using all…

Q: 20. In recent years, many DVCS have come to realize that A. private capital investment is essential…

A: IAC or Industrially advanced countries are those countries that have a high level of per capita…

Q: Productivity varies across countries because of differences in (Check all that apply) O A. physical…

A: Productivity is the output produced per unit of input. Different countries have different amounts of…

Q: To measure the change in the standard of living, it is best to use the growth rate of real GDP per…

A: The growth rate is used to measure the change in the value from one period to another.

Q: Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

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Q: 2015 US Dollar GDP per capita (constant 2015 USD) 1960 1970 1980 2000 1990 Time(Year) Australia…

A: GDP per capita is a per capita income which is the ratio of country's gross domestic income and…

Q: Which of the following would lead to an increase in real GDP per capita all other things equal? * a…

A: Real GDP per capita = (Real GDP / Population) Real GDP = Base year price * Current year output.…

Q: write a note by comparing Per-capital GDP and Human Development Index as a measure of Standard of…

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Q: Two students are discussing the pros and cons of different measures of economic development.  “GDP…

A: The productivity of a nation's workforce gives an idea of the amount of output produced with the…

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: 1 of 10 In 1980, Denmark had a GDP of $70 billion (measured in U S. dollars) and a population of 5.1…

A: here we can find the GDP per capita rise by following method

Q: Country Real GDP (millions of dollars) Population (millions of people) Country A $3,850 9.05…

A: The gross domestic product(GDP) of a country represents the total output produced by the country. It…

Q: Calculate the average annual growth rate using the information in the table below. Round to two…

A: The average annual growth rate shows the average rise or fall in any concerned value over the given…

Q: Population Growth and Technological Progress – Work It Out An economy has a Cobb–Douglas production…

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Q: (a) Total output per hour in each year (b) Growth rate in output per hour in each year (c)…

A: Productivity of labor is the output produced by labor in given period of time.  Productivity can be…

Q: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: GDP per workers refers that how much per worker gives their share in GDP growth  it is also known as…

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: A direct or positive relationship exists between a country's a.rate of population growth and its…

A: The term real GDP is a macroeconomic idea that actions the last market worth of the relative…

Q: Explain about the positive relation between growth rate and standard of living of a country.

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…

Q: Important of relief features to the economic growth of a country

A: Relief features are no example of waste where water directs are available.  In the investigation of…

Q: Achieving higher gross domestic product (GDP) growth is the prime aim of every developing country.…

A: Yes. It is true that for any developing economy, GDP growth rate acts as an index for its…

Q: All of the following lead to an increase in productivity except for    a. an increase in physical…

A: Productivity is a measure of the efficiency of production. Higher productivity leads to increased…

Q: Average Growth Rate (2000-2015) of Per Capita GDP Population GDP High-income countries United States…

A: Per capita GDP is expressed as the ratio GDP of a country and total population. It is shown as…

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 measure of economic development that is used most often to classify nations as industrially…

A: Real per capita income is one of the major economic development that is used most often by the…

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: Two countries start with equal GDPS. The economy of Country A grows at an annual rate of 3 whereas…

A: Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to…

Q: Describe how the labor force, the nation's capital stock, and the rate of technical progress…

A: The term labor productivity is the ratio of output to the labor.

Q: Suppose a country's population grows at the rate of 2% per year and its output grows at the rate of…

A: The total GDP divided by the population determines the GDP per capita of the country. GDP per capita…

Q: We measure standards of living using GDP per capita. Using the production function, which of the…

A: Total production function shows the how each inputs determine the total output For example,…