62. What is a problem with the geographical explanation for economic growth? (A) It ignores Malthusian dynamics. (B) Countires like Singapore, with unfavourable geography, are rich. (C) Geography is the outcome of millennia of historical processes that are not fully understood. (D) It ignores the productivity explanation for economic growth.

62. What is a problem with the geographical explanation for economic growth? (A) It ignores Malthusian dynamics. (B) Countires like Singapore, with unfavourable geography, are rich. (C) Geography is the outcome of millennia of historical processes that are not fully understood. (D) It ignores the productivity explanation for economic growth.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Question 1 (a) Explain what productivity measures. (b) List and describe 3 factors of labour productivity. (c) International data show a positive correlation between political stability and economic growth. (i) Through what mechanism could political stability lead to economic growth? (ii) Through what mechanism could strong economic growth lead to political stability? Question 2 (a) Distinguish between a government deficit and trade deficit? (b) Would you rather live in a nation with a with a high per capita GDP and a low growth rate, or in a nation with a low per capita GDP and a high growth rate? (c) Briefly explain the quantity theory of money and how it is related to inflation. (d) Suppose A&K Sound System is considering building a record studio in Cayman Islands. (i) Assume that A&K Sound System needs borrow money on the bond market. Why would an increase in interest rates affect the decision whether to build the studio? (ii) If A&K Sound System has enough of its…
H 1. What factors contribute to productivity growth in an organization or industry? Discuss the key drivers and analyse how these factors impact productivity and the potential for sustainable productivity gains over time.
12
which one(s) is true (a) If an economy can raise its annual real GDP growth rate from 3.8 percent to 4.5 percent, its real GDP doubling time is reduced by 15 years. (b) Suppose that the government passes a law requiring households to increase savings 10% above previous levels. According to Solow's growth theory, in the long run output per capita will grow less rapidly. (c) If an economy has a real GDP doubling-time of 48 years, this will be increased to 56 years if annual GDP growth is reduced by 3.2 percentage points. (d) If K = 3000, n = 0.02, and depreciation, δ= 0.04 and g =0.03, then investment of 320 will hold (K/AL) constant.
4 List and discuss at least three significant contributions a government can make toward a country's economic growth..
1. Differentiate economic growth and economic development? Economic growth Economic development 2. How do we measure economic growth/development? Enumerate and explain each tools and models. 3. Is economic development a branch of economics? Yes or no? Explain your answer.
5
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
1. Which of the following is a benefit that society reaps from high rate of economic growth? a. Longer working hours b. Slower depletion of exhaustible resources c. A more relaxed way of life d. A greater availability of goods and services for consumption and investment
1) The following public policies can facilitate economic growth in an economy. For each policy, give a reason for why this is possible. a. Distributive b. Redistributive c. Regulatory and substantive policies
answer quickly
Givoen the rule of 72, how long would it take for China's economy to doube in size at a constant growth rate of 8% A.) 9 years B.) 10 years C.) 20 years D.) 3 years