Principles of Macroeconomics (12th Edition)
12th Edition
ISBN: 9780134078809
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 2.10P
To determine
Identify the positive effects of increased government spending on the rural flood-prone areas of Bangladesh.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Belize Prime Minister took $30 million loan from the Social Security Board, for constructing of administrative buildings on government-owned land on Lake Independence Boulevard.
Can this level of expenditure contribute to the economic growth of Belize or helped lower poverty among the population?
Provide a brief explanation on how the South African economic growth had been performing since 2000. Further, what conclusions can be drawn from fuel tax increase effects on the economic growth and public social welfare.
In the short term and with almost full employment, it is most realistic to increase GDP / per capita by:
a. Employees move to sectors with higher labor productivity
b. Labor productivity becomes higher, e.g. through increased investment and better education
c. Taxes are reduced so that it pays to work harder
d. The state supports industries with highly expected growth potential
Chapter 20 Solutions
Principles of Macroeconomics (12th Edition)
Knowledge Booster
Similar questions
- The economic activity of a country is often quantified as the gross domestic product (GDP), which is the sum of private and government consumption, investments, and net exports (the value of exports minus the value of imports). For a developed country such as the United States, economists might see a GDP growth rate of 3% a year as reasonable. However, production and consumption create some pollution. By how much would pollution per dollar of GDP have to decline for pollution levels 50 years from now to be the same as current levels, assuming a 3% annual growth rate of GDP? In 75 years? In 100 years? (Hint: Let the current pollution level be 1 and find out what the future pollution level would be).arrow_forwardExplain how civil wars, population growth, and public policy decisions have contributed to periodic famines in Africa.arrow_forwardWhat do you think is the greatest challenge that our Philippine economy is facing right now? As a responsible citizen, what could be your contribution that you think has far-reaching effects on the continuing economic development amidst this greatest challenge? Explain in at least 5 sentencesarrow_forward
- Which one of the following statements is false? -Total economic value includes ecosystem service benefits. -Total economic value includes the potential to make profits from a natural resource. -Total economic value includes intrinsic benefits. -Total economic value includes recreation benefits. -Total economic value includes nonuse benefits.arrow_forwardexplain impact of the 7 - year development plan of Dr. Kwame Nkrumah on the Ghanaian economy.arrow_forwardAgriculture is the backbone of Africa. But Africa has high poverty rate and the a large amount of money is still used to import food items from overseas. #suggests ways private sectors can contribute to the growth of agriculturearrow_forward
- All of the following are "pull factors" associated with land-grabbing in low-income countries except: “Unutilized” land being seen as readily available in many countries Cheaper prices for land in low-income countries Cheaper labor in low-income countries High production costs and rents in high-income countries A rural community in Malawi lives alongside a river but does not have the resources to pump the water for irrigation. Which of the following describes the situation of this community? Hydroshort Physical water scarcity Cultural water scarcity Economic water scarcity Which of the following is most likely true about a large-scale soybean farmer in Midwestern United States? This farmer sells to consumers in the local community This farmer relies primarily on manual labor for production This farmer grows Genetically Modified soybean that is herbicide-tolerant…arrow_forwardRefute this statement with three reasons “The government should impede the pace of innovation, which is tearing apart the social fabric of the country. While some get rich from newfangled ideas, others watch bitterly as their livelihoods are destroyed. “arrow_forwardmacroeconomics multiple choice question 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita?(A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash?(A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic.(B) Supply decreased due to oil workers being furloughed.(C) Demand increased from factories producing Personal Protective Equipment for essential workers.(D) Demand decreased since fewer people were commuting to work.arrow_forward
- Do you think that regional problems arise from market failure or for other reasons? In your country what regions are prosperous and which are in ‘decay’? Does the regional or national government have specific policies to facilitate ‘urban regenerationarrow_forwardIn Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?arrow_forwardDo you think that environmental sustainability means giving up traditional development goals of greater consumption and higher living standards? Or are the two compatible? Give some reasoning behind your thoughts.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you