Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 17, Problem 8CQ
To determine
Explain the influence of high-income countries on the less-developed countries.
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What factors are generally considered responsible for GDP growth in developed countries? Have the factors responsible for growth been the same in all developed countries?
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Would you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?
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Macroeconomics: Private and Public Choice (MindTap Course List)
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- Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument?arrow_forwardWhich is NOT causing the growth of slums, according to Mike Davis? Group of answer choices Lack of economic development in cities IMF structural adjustment programs Rising crime and drug abuse Growth of large-scale industrial agriculturearrow_forwardQ) The economist of country A is considering the following list of policies. For each of the following policies, determine which factor of growth that the policy is related to((1) natural resources; (2) physical capital; (3) human capital; (4) technology; or(5) institutions): a) Government allows more workers to immigrate b) Government relaxes the regulations for firms to borrow c) Government lends money to farmers to buy machines. d) Government plants more trees to protect the environment. e)Government encourages citizens to vote Solve this earlyarrow_forward
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