you give a choice to live in a country with high level of GDP and low growth rate or to live in a low level of GDP and a high growth rate, which option would you choose and why?

Q: What is economic growth

A: Economic growth is a rise in value of goods and services produced within the economy, adjusted for…

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: 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: What are the benefits of economic growth on the economy?

A: Economic growth means an increase in the real gross domestic product of the economy. This means…

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 long run U.S. economic growth rate slowing?

A: The US market has been growing at a rate that hasn't been witnessed in decades.

Q: What are four public policies that can facilitate economic growth in a economy?

A: Using public policy wisely helps to increase the economic growth of a country.

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: s a nation with a high per capital GDP and a low growth rate better than a nation with a low per…

A: Definition:   Gross domestic product Per Capita is an estimation of the surmised worth of a…

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: difference between economic development and economic growth?

A: Meaning of Economic Development: The term economic development refers to the situation under which…

Q: How do Economic institution affects Economic growth

A: Economic institutions are responsible for the economic policies formed in the economy. These…

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

A: Human capital is what makes long-run economic growth possible.

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: can you please differentiate economic growth with development?

A: Economic Growth: Economic growth measures the growth and progress of the economy in quantitative…

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: How poor countries can sustain high growth and development? Explain in detail.

A: Economic growth is considered to be the increase in GDP and higher productivity and economic…

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: If you were in a position to run an economy, what steps would you take to raise our rate of…

A: Answer: *If i were in a position to run an economy *The following steps would be undertaken to raise…

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: 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: How can you say that there is an economic growth in a particular country? Cite some instances to…

A: Economic growth is an important indicator of the development of a country. Most of the developed…

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: 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: if two countries have the same Savings rates why is there  Growth rates different?

A: Economic growth is one of the major goals for all the economies across the world. The development of…

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: WHAT ARE ALL THE SOURCES OF LONG TERM ECONOMIC GROWTH

A: Economic Growth is referred to as increase in the production of various goods and services in an…

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: What does the importance of the character of a nation’s growth process and about its institutional…

A: Institutions have a significant impact on a country's economic growth and act at all levels of…

Q: Which country looks like it's experiencing exponential growth?

A: explanation: А  соuntry  exрerienсing  exроnentiаl  grоwth  is  ;    А  соuntry  with  а  higher…

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: Which world region has the lowest population growth rates?

A: Europe has the lowest population growth rates.

Q: How come higher saving leads to more rapid growth?

A: The higher savings means the resources and incomes of the nationals has been used in consumption at…

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: it possible to have economic development without economic growth?

A: Economic growth implies an increment in real national income/national output. Economic development…

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

A:

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…