Effect of rapid growth of Japan in U.S economy.
Explanation of Solution
The American exports increases rapidly due to the speedy
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Chapter 37 Solutions
EBK ECONOMICS: PRINCIPLES AND POLICY
- How well is the Australia economy positioned to recover in 2021 - likely factors that will drive growth?arrow_forwardThe post-Cold War period has been called the period of “globalization.” From what you read in the final textbook chapter, what does globalization mean? In some ways we’ve seen types of “globalization” earlier in history; what was similar or different about the most recent phase of globalization compared with others in the past?arrow_forwardTrace the development of the concept of globalization since it first appeared in the 1940s. What were the factors that have led to its development as a full-blown approach and integrated body of knowledge? What makes globalization a contested concept? Explain fully.arrow_forward
- Go to a recent issue of The Economist magazine. In the back of each issue is a section called “economic indicators.” That section lists the most recent growth data for a substantial number of countries. Which countries around the world are growing most rapidly according to the most recent data? Which countries around the world are growing more slowly? Flip through the stories in The Economist to see if there is any explanation for the pattern that you observe. Write a brief essay on current general economic conditions around the world.arrow_forwardif two countries have the same Savings rates why is there Growth rates different?arrow_forwardWhat is globalization. What is the pro and con of it.arrow_forward
- Calculate real growth per capita in the following countries: Instructions: Enter your responses rounded to one decimal place. If you are entering a negative number, be sure to include a negative sign (-) in front of the number. a. Democratic Republic of Congo: population growth=2.6 percent; real output growth = -1.4 percent. Real growth per capita:% b. Estonia: population growth=-0.3 percent; real output growth 4.3 percent. Real growth per capita: % c. India: population growth = 2.1 percent; real output growth 6.2 percent. Real growth per capita: % d. United States: population growth = 0.4 percent; real output growth 2.6 percent. Real growth per capita: %arrow_forwardwhat causes two countries to have similar savings rates but different growth ratearrow_forwardHow did American participation in the global economy evolve over the course of the nineteenth century? How do these patterns reflect shifts in the domestic economic structure of the United States?arrow_forward
- International data show a positive correlation between political stability and economic growth. Through what mechanism could strong economic growth lead to political stability?arrow_forwardInternational data show a positive correlation between political stability and economic growth. Through what mechanism could political stability lead to economic growth?arrow_forward
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