Homework Answers
Economic growth implies an increase in production potential of the economy.
So, when production potential of the economy increases then it is said that economic growth of the economy has increased.
Production potential increases when either the quantity of physical capital increases or technological improvement is achieved.
Both these can be achieved through capital formation as capital formation implies addition to capital stock such as plant, equipment etc. of the country as well as building up of technical capacity of the economy.
Thus,
It can be stated that Increased Capital Formation has more probability to increase economic growth of a country.
Hence, the correct answer is the option (1).
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one of the following has more probability to increase the
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The economic development minister of a country has a list of things she thinks may explain...
The economic development minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries. She asks you to pick the one you think most likely explains her country's low growth. Which of the following contributes to low growth? Select one: tariffs and quotas. O low population growth. encouraging foreign investment. strong private property rights.
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....
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Which of the following is most likely to contribute to economic growth as measured by GDP per capita A. Rapid population growth B. Increased stock of physical capital C. Business cycles peaks The point of a fluctuation at which economy turns from a trough to a peak is called a/an___ A. Recession B. Peak C. Expansion According to growth accounting studies, the most important in economic growth is A. Technology. B. Education. C. Investment in physical capital.
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.
(7) Reduce the following complex fractions: 1/5 0.1 (8) GROWTH RATES (RATES OF CHANGE Country 100...
(7) Reduce the following complex fractions: 1/5 0.1 (8) GROWTH RATES (RATES OF CHANGE Country 100 million 110 milion 1999 population 2,000 million 2,040 million 2000 population Amount of change in population Percentage change in population mind = amount0fchange in population x 100 amount of original population (a) Which country had the largest increase in its population? (b) Which country had the largest percentage increase in its population? So even though population grew by a much larger amount in country...
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!
Please explain all questions. Thanks 52. Which of the following statements best illastrates economic growh? a....
Please explain all questions. Thanks
52. Which of the following statements best illastrates economic growh? a. An increase in the quantity of abour always leads to cconomic growth. b. Increased education adds to the stock of human capital, NOT unlike building factories, which adds to the stock of physical capital c. A decrease in the peoductivity of labour leads to economic growth d. An increase in the minimam wage will always lead to economic growth 53. Which of the following...
Possible causes of economic growth include all of the following EXCEPT A technology B an increase...
Possible causes of economic growth include all of the following EXCEPT A technology B an increase in capital stock. С human capital. D population growth
Economic Growth Skills Check Short answer questions continued: 3. Which country has experienced higher growth per...
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 B, whose economy is growing at a 3% rate and whose population is growing at a 1% ate? Show all your work!
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes calculated as a fraction of the value of the imported goods d) import taxes calculated based on the origin country 2) Ad valorem tariffs are a) import taxes stated in advertisements in industry publications b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes...
The economic development minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries. She asks you to pick the one you think most likely explains her country's low growth. Which of the following contributes to low growth? Select one: tariffs and quotas. O low population growth. encouraging foreign investment. strong private property rights.
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....
(7) Reduce the following complex fractions: 1/5 0.1 (8) GROWTH RATES (RATES OF CHANGE Country 100 million 110 milion 1999 population 2,000 million 2,040 million 2000 population Amount of change in population Percentage change in population mind = amount0fchange in population x 100 amount of original population (a) Which country had the largest increase in its population? (b) Which country had the largest percentage increase in its population? So even though population grew by a much larger amount in country...
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 explain all questions. Thanks
52. Which of the following statements best illastrates economic growh? a. An increase in the quantity of abour always leads to cconomic growth. b. Increased education adds to the stock of human capital, NOT unlike building factories, which adds to the stock of physical capital c. A decrease in the peoductivity of labour leads to economic growth d. An increase in the minimam wage will always lead to economic growth 53. Which of the following...
Possible causes of economic growth include all of the following EXCEPT A technology B an increase in capital stock. С human capital. D population growth
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 B, whose economy is growing at a 3% rate and whose population is growing at a 1% ate? Show all your work!
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