Homework Answers
D) population growth
If the population grows more than the growth in capital and other resources, the economy suffers a slowdown in growth as per capita resources become limited. On the other hand, if there is an increase in the labor force (human capital) economy flourishes as more workers would mean more output. An increase in technology helps improve the economy as manufacturing becomes easier and efficient. The capital stock also ensure better output.
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Possible causes of economic growth include all of the following EXCEPT A technology B an increase...
All of the following contribute to economic growth except: increases in technology. increases in research and...
All of the following contribute to economic growth except: increases in technology. increases in research and development. increases in labor productivity. increases in the average level of prices. c. If growth in real GDP exceeds population growth: material living standards would likely decline. material living standards would likely increase. per-capita GDP would decrease. productivity would decrease. If nominal GDP rose from $6,500 billion in the base year to $7,030.4 billion in the current year and the current year GDP Deflator...
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Technology, human capital, and physical capital are the three main sources for economic growth in any economy. In your attempt to earn an education, you are adding to the stock of human capital, not unlike building factories adds to the stock of physical capital. Research the concept of modern economic growth. What are the conditions that have allowed for modern economic growth in the last two centuries? How do technology, human capital, and physical capital affect productivity and economic growth?...
Please explain all questions. Thanks 52. Which of the following statements best illastrates economic growh? a....
Please explain all questions. Thanks
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one of the following has more probability to increase the economic growth of a country. which...
one of the following has more probability to increase the
economic growth of a country. which one?
Question 24 1 pts One of the following has more probability to increase economic growth of a country. Which one? increased capital formation o an increase in marginal tax rates O the imposition of tariffs and quotas on imported goods rapid population growth « Previous
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What are the conditions that have allowed for modern economic growth in the last two centuries?...
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6. Which of the following changes will NOT result in economic growth? a. improvements in...
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Please explain all questions. Thanks
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one of the following has more probability to increase the
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