Which of the following options listed below do economists count as determinants of economic growth? Select all that apply.

Q: What is the relationship between the supply of savings and the demand for capital investment for…

A: The economic science see the study of allocation of scarce resources within the most optimum method,…

Q: What is productivity and why is it an important determinant of economic growth?

A: In economics, the economic growth of an economy depends upon various determinants and productivity…

Q: What is the relevance of productive and allocative efficiency to the economic growth process?

A: The process by which a country's wealth increases over time is known as economic growth. Although…

Q: What is the “urban push” and in what ways might it affect the relationship between urbanization and…

A: Urban push is a demographic term used to show the mechanism that cities are growing internally and…

Q: Among the given choices, which of these is not a negative consequence of population growth? a. Poor…

A: Consequesces of population growth:- Incomes, savings, and investment all suffer as a result of a…

Q: Which of the following is not a source of economic growth? A. appropriate incentive system B.…

A: Financial development or economic growth- estimated as an increment of individuals' genuine pay -…

Q: Q) The economist of country A is considering the following list of policies. For each of the…

A: Development economics deals with the measures to induce and maintain economic development through…

Q: Why economic growth can be harmful (bad) to society? Illustrate your answers with example

A: When economic activity in an economy rises, raising aggregate output, it is referred to as economic…

Q: Producing fewer cars, everything else equal, will economic growth. However, the resources no longer…

A: Economic growth refers to the improvements in the economic variables of an economy that will lead to…

Q: Economic growth is best defined as an increase in:

A: It is important to measure economic growth for knowing the the position of countries economy.

Q: The great 18th- century economist Adam Smith wrote, “Little else is requisite to carry a state to…

A: Adam Smith advocates the theory of laissez-faire in his classical theory. It means that government…

Q: What would be the effect of each of the following events on actual and potential economic growth?…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Why are the factors of production (land, capital, labor, entrepreneurship)  important to economic…

A: Land, labor, capital, and entrepreneur are very important factors of production for economic growth.…

Q: What are the advantages of Endogenous growth theories?

A: Endogenous Growth Model Endogenous Growth Model explains that the factors determining economic…

Q: Why economic growth is one of the goals of macroeconomics?

A: Macroeconomics is the division of economics that talks about the economy as a whole. In this, the…

Q: Explain the benefits and limitations of the following determinants in the economic growth. Limit…

A: Economic growth is the increase of real GDP or GDP per capita. It is influenced by factors like…

Q: explains the relationship between the supply of savings and the demand for capital investment for…

A: Economic development is driven by improvements in the production of commodities and services in…

Q: Discuss population growth, resource consumption, and their consequences

A: In outward bowed concave PPC type of PPC, there is supposed to be increasing opportunity cost as…

Q: Identify 4 public policies that can stimulate employment and facilitate economic growth in an…

A: In an economy, public policies refers to the government action that has an impact on the majority of…

Q: entify and briefly discuss the underpinnings of economic growth, including exampl

A: Discuss Underpinnings of economic growth: 1. Human capital- When the country's labor force is…

Q: “Which one of the following is not a cause of economic growth?” a reduction in the retirement age…

A: Economic growth is a surge in an economy's production of goods and services. Economic growth is…

Q: Q1. Discuss proposed strategies which can be applied to achieve sustainable economic growth. Q2.…

A: Q1. The sustainable growth rate (SGR) is the growth rate which can be maintained without requiring…

Q: What is the relevance of productive and allocative efficiency to the growth process?

A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve…

Q: Which of the following is NOT a counterargument for natural resources as a limit to growth? Multiple…

A: The global population is now larger than it was a century ago. Population increase has necessitated…

Q: How does endogenous growth theories provide a greater understanding of the process of economic

A: According to endogenous growth theory, economic growth is more driven by internal effects than…

Q: What is the "endogenous growth model"?

A: Endogenous growth model implies that economic growth is primarily based on internal forces ( within…

Q: Which of the following terms is viewed by some economists as "contradictory"?  Group of answer…

A: Sustainable development refers to the development that causes less or no damage to the natural…

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 is meant by economies of scale and what is the importance of this concept to economic growth?

A: In an economy, production cost refers to the cost incurred when producing goods and services by the…

Q: What is Malthusian theory of population growth and what are its limitations?

A: The theory of population as given by Malthus would result in the explaining the reason behind the…

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: When and where did modern economic growth first happen? What are the major institutional factors…

A: Answer - The moredn economic growth first happen in 18th century in the continent of Europe. This…

Q: Which of the following causes sustained economic growth? Diminishing returns Increases in…

A: Economic growth occurs when there is an increase in real output over time. This measured by gross…

Q: What are the predictions of economic theory regarding the relationship between human capital and…

A: Human capital means skilled labour , professional individual , knowledgeable individual with great…

Q: How do culture and institutions interact, as two fundamental causes of long-run economic growth?…

A: Culture: It refers to the set of rules and regulations, laws, language, etc which people use for one…

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: Diagrammatically explain how savings affect economic growth?

A: Saving is very important for the growth of the economy. The saving that is accumulated can be…

Q: List as many causes of economic growth

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

Q: May I know why the endogenous growth model that represents standard of living and economic growth is…

A: Endogenous growth model: - Endogenous growth models are based on the innovation of human capital…