Homework Answers
Per capita growth rate = output growth rate - population growth rate
A) per capita growth rate = 4-3 = 1%
.
B) per capita growth rate = 3-1 = 2%
So B has experienced higher per capita growth rate
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Economic Growth Skills Check Short answer questions continued: 3. Which country has experienced higher growth per...
which country has experienced higher growth per capita: Economic Growth Skills Check • Short answer questions...
which country has experienced higher growth per capita:
Economic Growth Skills Check • Short answer questions continued 3. Which country has experienced higher growth per capita: A, whose economy is growing a 4% rate & whose population is growing at a 3% rate Or B, whose economy is growing at a 3% rate and whose population is growing at a 1% ate? Show all your work!
1/ Which of the following changes would cause a country to have permanently higher output per...
1/ Which of the following changes would cause a country to have permanently higher output per worker? a. A higher savings rate. b. A higher population growth rate. c. A war that lowers its population by one-half. d. None of the above. 2/ The Harrod-Domar model predicts that investment will lead to permanently higher growth of income per capita. What property does it fail to account for? a. Capital depreciates. b. Production of new capital requires saving and investment today....
Which of the following are true of capital as a determinant of economic growth? Check all...
Which of the following are true of capital as a determinant of economic growth? Check all that apply. a. Capital investment decreases per capita real GDP. b. As consumption increases, capital formation also increases. c. Countries with higher investment rates tend to have higher growth rates. d. Technological advances allow more output from the same amount of capital.
Please answer the following questions: QUESTION 1 An increase in a country's saving rate will tend...
Please answer the following questions:
QUESTION 1 An increase in a country's saving rate will tend to cause which of the following in the long run? O an increase in the unemployment rate O a reduction in per capita real GDP O an increase in the rate of inflation O an increase in economic growth QUESTION 2 Regarding open economies, economists tend to find evidence that o open economies tend to have access to smaller markets than do closed economies....
5 6 7 plz O d. More information is required to determine which country had a...
5 6 7 plz
O d. More information is required to determine which country had a greater increase in goods and services. 5. Which of the following is defined as the total market value, expressed in dollars, of all final goods and services produced In an economy in a given year? O a. Real GDP per capita O b. Real GDP O c. Nomiai GDP O d. Nominal GDP per capita 6. Bieberville has a real GDP of $200,000 and...
Calculate GDP per capita growth rate. Is there a big difference between GDP growth rate and...
Calculate GDP per capita growth rate. Is there a big difference between GDP growth rate and GDP per capita growth rate? Can you offer some explanations why they stay approximately the same and why they change from the information you have? (hint: check the difference in terms of real GDP vs real GDP per capita) Identify whether the country has experienced business cycle changes in the past 10 years combined your information from GDP or GDP per capita growth rate,...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
Multiple Choice Questions (10%) 1. Which country has experienced the highest GDP growth in recent years?...
Multiple Choice Questions (10%) 1. Which country has experienced the highest GDP growth in recent years? A. China B. USA C. Russia D. Greece 2. Which country has the largest total annual real GDP? A. China B. USA C. Japan D. Germany What is the partial derivative of f(x.y)- Zx'y with respect to x? A. Zero B. Cannot be calculated analytically C. aže'y 3. 4. The relationship between the level of growth of an economic variable, g and its level,...
Check my w 23 Connect Problem CP 22-3 (algo) Suppose that an industrially advanced country (IAC)...
Check my w 23 Connect Problem CP 22-3 (algo) Suppose that an industrially advanced country (IAC) has a per capita income of $36,000, which is growing at an annual rate of 2.5 0.5 points percent. A developing country (DVC) has a per capita income of $1,800, which is increasing at an annual rate of 4 percent. By how much will the per capita income gap between the IAC and DVC change by the end of the year? nstructions: Enter your...
An economy (country A) has a Cobb-Douglas production function: Y = K0.4 (LE) 0.6 The economy...
An economy (country A) has a Cobb-Douglas production function: Y = K0.4 (LE) 0.6 The economy has a saving rate of 48 percent, a depreciation rate of 2 percent, a rate of population growth of 1 percent, and a rate of labor-augmenting technological change of 3 percent. Assume there is a second economy (country B) with everything identical to country A except for the rate of population growth, which is 2 percent. Assume there is a third economy (country C)...
which country has experienced higher growth per capita:
Economic Growth Skills Check • Short answer questions continued 3. Which country has experienced higher growth per capita: A, whose economy is growing a 4% rate & whose population is growing at a 3% rate Or B, whose economy is growing at a 3% rate and whose population is growing at a 1% ate? Show all your work!
Please answer the following questions:
QUESTION 1 An increase in a country's saving rate will tend to cause which of the following in the long run? O an increase in the unemployment rate O a reduction in per capita real GDP O an increase in the rate of inflation O an increase in economic growth QUESTION 2 Regarding open economies, economists tend to find evidence that o open economies tend to have access to smaller markets than do closed economies....
5 6 7 plz
O d. More information is required to determine which country had a greater increase in goods and services. 5. Which of the following is defined as the total market value, expressed in dollars, of all final goods and services produced In an economy in a given year? O a. Real GDP per capita O b. Real GDP O c. Nomiai GDP O d. Nominal GDP per capita 6. Bieberville has a real GDP of $200,000 and...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
Multiple Choice Questions (10%) 1. Which country has experienced the highest GDP growth in recent years? A. China B. USA C. Russia D. Greece 2. Which country has the largest total annual real GDP? A. China B. USA C. Japan D. Germany What is the partial derivative of f(x.y)- Zx'y with respect to x? A. Zero B. Cannot be calculated analytically C. aže'y 3. 4. The relationship between the level of growth of an economic variable, g and its level,...
Check my w 23 Connect Problem CP 22-3 (algo) Suppose that an industrially advanced country (IAC) has a per capita income of $36,000, which is growing at an annual rate of 2.5 0.5 points percent. A developing country (DVC) has a per capita income of $1,800, which is increasing at an annual rate of 4 percent. By how much will the per capita income gap between the IAC and DVC change by the end of the year? nstructions: Enter your...
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