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- What policies can the government of a free-market economy implement to stimulate economic growth?What are the advantages of backwardness for economic growth?What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?
- The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. Why have some countries reduced the gap between their incomes andthat of the United States and other countries failed to do so?
- 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?Can tle long term growth of developed country like USA be explained by growth models? What model/s? and How?My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つ つ > *3
- The table below shows the level of real GDP and real GDP per capita growth rates for a select set of countries for the year 2016 Determine the number of years it will take for the standard of iving to double in each country. Instructions: Round your answers to 1 decimal place. Growth Retes and the Rule of 72 Number of Years for Grouth Rate of Real GDP Standard of Living to Country Real GDP (illions) per Capita (percent) Double Canada Hadagascar Phillppines $1,597,516 0.2% 37,570 1.4 807,894 5.3 Sweden 490, 282 2.2 United States 18,624,475 0.8Which impacts economic growth? O a decrease in the productivity of labor O an increase in the proportion of the population that is college educated O an increase in the average wage rate paid to workers O an increase in the standard of livingThese are the leading causes of population growth:? Poverty? Poor Contraceptive Use? Child Labor? Reduced Mortality Rates? Fertility Treatment? Immigration? Lack of Water? Lower Life Expectancy? War? FamineWhy do you think these are the top 10 causes of population growth? Explain why each of theabove is one of the main causes. You answer must relate to South African examples or atleast developing countries.