MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 20, Problem 10SQ
To determine
The cause of low
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If the Philippines has to learn from Rostow , Harrod and Domar, development can only happen when a country prepares for it. Given that, discuss five (5) ways which the country can do to increase its savings rate.
If the Philippines has to learn from Rostow , Harrod and Domar, development can only
happen when a country prepares for it. Given that premise, Discuss five (5) ways which the country can do to increase its savings rate.
Critically explain with examples how the budget can influence economic growth and development.
Chapter 20 Solutions
MACROECONOMICS FOR TODAY
Ch. 20.2 - Prob. 1GECh. 20.2 - Prob. 2GECh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQP
Ch. 20 - Prob. 9SQPCh. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 12SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
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- If the Philippines has to learn from Rostow , Harrod and Domar, development can only happen when a country prepares for it. Given that premise, Describe fully five (5) ways that will ensure that if the Philippine government has accumulated savings, it will be used properly.arrow_forwardGive two areas economists focus on when judging ‘economic development’.arrow_forwardWhat is investment? What is the role of investment in a country’s economic development?arrow_forward
- Why does the world need to take sustainable development efforts and studies seriously, and how does this affect the Philippines?arrow_forwardGive two factors that affects development of a country and explain its reason.arrow_forwardWhich of the following helps Oman to achieve economic development? a. Increase dependency of oil and gas b. Encourage people to spend more and save less c. Increase exports of Omani product d. Decrease production of goods and servicesarrow_forward
- Orthodox or conventionaleconomists say that to address unequal growth between the rich and the poor, the world economy needs to grow Do you agree with this idea? Why or why not? Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your According to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not? How can humanity possibly find a balance between economic growth and social justice?arrow_forwardCountries will tend to converge the same level of steady states if they have a similar level of . ( Choose one or more.) a. human capital. b. interest rates. c. institutions. d. population growth rates. e. saving rates.arrow_forwardhow does political stability affecting the development and growth?arrow_forward
- Suppose you are a highly regarded international economic advisor. You have beenasked to assess the possibilities of growth in an African country. It is a countryabundant in labour and some natural resources. The capital to labour ratio is low. Ithas a free market economy. You have found that this country does not have a verystrong and healthy banking system; however, the political system is stable and thegovernment does a good job protecting property rights. Assess this country’sprospects for growth. Recommend two things that would enhance the country’sgrowth.arrow_forwardConsider two developed and developing countries, the population growth rate of developed countries is 2 percent per year and saving rate of 30 percent. The developing country has a population growth rate of 5 percent and saving rate of 10 percent. Suppose that initial technology of the developed country is 10 times higher than that of the developing country and that both countries have the same productivity growth and depreciation rate: g - 0.02 and 5=0.03. Assume that a - 1/ 3. In a steady state, how much is the developed country's GDP per capita larger than the developing country?arrow_forward
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