The exogenous growth represents growth in a sector or economy due to external factors such as policies of foreign countries and international market conditions. The endogenous growth represents growth in an economy or industry due to internal factors such as private and public investment, industrial output, government fiscal policy etc. Here, in the graph, the GDP growth in Iranian economy shows an increasing trend with increase in capital investment. This increase is due to more political stability and better private property rights in Iran. Therefore, the correct answer is
Exogenous
growth as a result of improved institutions.
The United States and the European Union have imposed sanctions against Iran for violating international laws...
The United States and the European Union have imposed sanctions against Iran for violating international laws regarding the enrichment of uranium. Suppose that in response, political reform takes place in Iran that results in the cessation of uranium enrichment, increased protection of private property rights, and more political stability. Use the graph to illustrate the impact these reforms would have on this hypothetical Iranian aggregate production function K (capital) All else equal, how would you characterize the results illustrated in...
I also neeed the graph !!
The United States and the European Union have imposed sanctions against Iran for violating international laws regarding the enrichment of uranium. Suppose that in response, political reform takes place in Iran that results in the cessation of uranium enrichment, increased protection of private property rights, and more political stability. Use the graph to illustrate the impact these reforms would have on this hypothetical Iranian aggregate production function All else equal, how would you characterize...
Graph will move upward or downward ???
The United States and the European Union have imposed sanctions against Iran for violating international laws regarding the enrichment of uranium. Suppose that in response, political reform takes place in Iran that results in the cessation of uranium enrichment, increased protection of private property rights, and more political stability. Use the graph to illustrate the impact these reforms would have on this hypothetical Iranian aggregate production function K (capital) All else equal, how...
can someone please help me with an introduction
paragraph and a summary of the whole article.
us. Trump Didn't Kill the Global Trade System. He Split It in Two. Allies find relations modestly tweaked despite the president's rhetoric, while relations with China are entering a deep freeze By Greg Ip Dec. 26, 2018 1136 am. ET When Donald Trump entered the White House on a platform of defiant nationalism nearly two years ago, many feared he would dismantle the global...