PRINC. OF ECON. LOOSE W/APLIA+COUPON
7th Edition
ISBN: 9781337365635
Author: Mankiw
Publisher: CENGAGE C
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Chapter 25, Problem 2QCMC
To determine
Comparison of GDP between rich and other countries.
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1. steady-state value of capital-labor ratio? 2. steady-state value of output per worker? 3. steady-state value of consumption per worker?
4.
There is evidence that income per worker is converging in A) the richest countries and the poorest countries. B) the richest countries, but not the poorest countries. C) the poorest countries, but not the richest countries. D) neither the richest nor the poorest countries.
please please give explanations and graph using historical data, that will be great. Thanks
Economic development depends on 2 sets of factors, what are these factors? Explain by giving an example.
Chapter 25 Solutions
PRINC. OF ECON. LOOSE W/APLIA+COUPON
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- The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?arrow_forwardWhat is the GDP per capita of a country with a population of 50 million and a GDP of $1.5 trillion? A) $30,000 B) $15,000 C) $3,000 D) $1,500arrow_forward1. The Gini coefficient gives a measure regarding ___________. a. the level of relative inequality b. the level of poverty c. the rate of growth d. disguised unemployment 2. Among the given choices, which of these is not a negative consequence of population growth? a. Poor health care system b. Low level of education c. Poverty and inequality d. None of the abovearrow_forward
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