Q: Suppose there are two countries, India and Bangladesh. In country India, Real GDP grows by 3 percent…
A: Economic Growth is the increase in the output or production of goods and services in the country…
Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…
A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…
Q: explain the reason why, the more developed a country is, the bigger business sector engaged in…
A: Concepts: 1)A developed country is an economy that enjoys a higher level of income and a better…
Q: How does per capita GDP in the following countries "stack up" against America's ( in percentage…
A:
Q: Many countries import considerable amounts of goods and services from other countries. Yet…
A: Comparative advantage refers to the situation where one party can produce the goods and services…
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: The Government of Pakistan is committed to the priorities for advancing on implementation of the…
A: CPEC has been a slew of infrastructure projects in Pakistan since 2013. The value/importance of CPEC…
Q: What is investment? What is the role of investment in a country’s economic development?
A: In an economy, the primary economic activities are considered as consumption and production.
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: In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being…
A: GDP is the money value of all final goods and services produced in an economy during a specific…
Q: From the data in this table, what would A be in 2021? Capital Population Workers GDP Real GDP Year…
A: Technology: It refers to the innovations and practical processes that help the individual to ease…
Q: What are the factors that can influence a country’s standard of living?
A: Standard of living indicates the degree of wealth or availability of material goods and services to…
Q: What are 3 economic indicators that are important to evaluate the economic situation of a country
A: Unemployment is the situation in which an individual is seeking a job and unable to find one.
Q: The data in the table below are for the country of Eturia. 2015 2016 2017 Nominal GDP ($billions)…
A: It measures the total value of all the finished goods & services produced by a nation in an…
Q: France and the US. France and the US are among the most successful economies in the world, but a…
A: a) In the mentioned table we here calculate output per capita (GDP/Capital); output per worker…
Q: What metrics can help analyze the economic environment of a country
A: Economic components are only a portion of the "environmental uncontrollable" which advertisers…
Q: Explain why GDP per capita comparison among nations are not a perfect measure of differences in…
A:
Q: GDP increased from $
A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…
Q: Explain why Gross national income (GNI) is per capita is not a good measure of development
A: Gross National Income:- The aggregate amount of income generated by a country's population and…
Q: do booms and recessions tend to be transmitted across national borders
A: boom is the situation when economy is prospering, economic activities have expanded to their…
Q: Why do some countries succeed in developing their economies while others fall behin
A: Economic development: - Economic development is the process of improving the social and economical…
Q: 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of…
A: # A country may have a higher GDP per capita if it has access to more natural resources. If it has…
Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain
A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…
Q: Explain briefly the three basic questions that every country must ask themselves about their…
A: Quantity of enterprise depends on certain factors which results into its success. It would increase…
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: Why is China still poor in per capita terms despite having the second-largest economy in the world…
A: China has large number of population China comes at number 1 place in all the countries of the world…
Q: What and how certain economic indicators are impacting the Economy of Pakistan? Discuss.
A: Economic Indicators are the statistics that measure the economic performance of the country. Some of…
Q: How do we measure labor productivity? How do changes in labor productivity affect the US standard of…
A: Labor productivity: the hourly productive output for a country's economy during a period of time is…
Q: Discuss the following quote from the article by Jason Hickel: ‘Instead of pushing poor countries to…
A: The development industry claims that through spreading western, neoliberal capitalism across the…
Q: Which of the following refers to those who are interested in assessing the relative standard of…
A: National income is a parameter to gauge the performance of a nation during a given period of time.…
Q: What cause GDP per capita to be low compare to its GDP
A: The GDP is the sum of the final value of the domestic value of goods and services which are produced…
Q: 5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population was 150…
A: Here we calculate the Real GDP of both nation and conclude the higher real GDP by using the given…
Q: If economic output is increased by increasing the number of people working in the economy, then *
A: It is said that the economy increases it output , by increasing the labors in the economy .
Q: How can you explain that the per capita GDP has been almost multiplied by three in WE from 1820 to…
A: In the beginning of 1820 Ottoman empire was scarce in labour and capital but it had ample amount of…
Q: What are the major government policies play in effective role in the growth and development of a…
A: Government is very much responsible for economic growth or development of a country. foreign…
Q: What policies do you think Brazil should adopt going forward to reignite economic growth?
A: Economic prospects for Brazil are dwindling after a long period of rapid development. There has been…
Q: Per capita GDP can be defined as GDP per person. GDP per unit of capital. GDP per unit of…
A: GDP measures the market value of all final goods and services produced in an economy within a given…
Q: what causes two countries to have similar savings rates but different growth rate
A: Savings rate is the necessary condition but not sufficient condition for growth.
Q: Why is China still poor in per capita terms despite having the second-largest economy in the world…
A: The china has the second-largest economy in the world in terms of the GDP that is growing at a high…
Q: How do gains in labor productivity lead to gains in GDP per capita?
A: GDP per capita: - it is per person output of an economy which can be calculated by dividing a…
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: In which economy is GDP per capita higher in steady state? Economy A Economy B O Not enough…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: How much should you earn to make a living in different countries?
A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…
Why do some national economies grow faster than other national
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- If a particular fintech company is likely to disrupt anyaspect of the country’s financial system, should thegovernment take steps to prevent it from doing so? Why orwhy not?Do the existence of SIFIs represent a threat to the economic stability of the country? Why or why not? Explain how the post great-recession regulations tried to deal with this issue.How fiscal policy tools differ in islamic economy?
- When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? please also give a reference on this one too.How do you think can the people ensure the appropriate and efficient spending of public money by the people in the government?which of the monetary or fiscal policy tools do you think would be least effective at improving the U.S. economy and why?
- M3In Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What are the possible benefits of a…In Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What prompted greater intervention by the…
- How the GSIS and SSS different to each other? Explain in your own opinion.Which of the monetary or fiscal policy tools do you think would be most effective at improving the U.S. economy?What are the difficulties faced by many governments with regards to safeguard measures taken against financial instability?
