Ques - Define economic growth
Economic growth means a sustained increase in per capita output (income) accompanied by the reduction in existing inequalities and economic betterment of masses in an economy.
Economic growth occurs whenever people take resources and rearrange them in ways that are more valuable.
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.
Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.
Define economic growth? Discuss how economic growth is measure? Compare and contrast 2 countries and their...
Write a brief essay (300-500 words) that describes how a country's economic growth can be measured and compared. Cover the following areas: Define economic growth in your own words. Discuss how economic growth is measured. Compare and contrast two countries and their economic growth over the last 50 years.
Should Caribbean countries focus their economic development agenda on achieving economic growth or economic development? Give reasons for your answer. Areas to be covered: Your response should define economic development and economic growth Use examples to show why you have chosen one over the other
How can we measure economic inequality? Why might inequality increase as low income countries experience economic growth
7. Discuss why the nominal GDP per capita is a good measure of a countries economic well being and why it is a poor measure. a. (5 points) Why is the nominal GDP per capita a good measure? b. (5 points) Why is the nominal GDP per capita a poor measure?
2. Define, compare and contrast “GAMETOPHYTE” and “SPOROPHYTE.”
Discuss, define, compare, and contrast the four major tests of insanity. Which one do you think is best?
1. Define the knowledge repository and describe how to create one. 2. Compare and contrast tacit knowledge and explicit knowledge.
Essay Define Gross Domestic Product (GDP) and discuss its importance as an economic measure. Discuss the approaches used to measure GDP. Explain four reasons why GDP is not an ideal measure of well-being. Suppose you were asked to devise a way to include the effects of climate change on GDP. What information would you need?
Compare and contrast the “supernatural path of knowledge” with the “natural cognitive modes” of knowledge? Define each and describe how they are similar and different by way of examples? Last, describe the third category of knowledge.
Discussion Questions 1. Compare and contrast planned and emergent approach. 2. Discuss how HRM is related to each of these approaches.