7. China's trend growth rate of real GDP per person was 2.2 percent a year before 1980 and 8.7 percent a year after 1980. In the year to August 2009, China's output increased by 11.3 percent. (Source : World Economic Otulook and FT.com, septembre 14,2009). Answer the following questions according to this information: 7a) Distinguis between a rise in China's economic growth rate and a temporary cyclical expansion. 7b) How long, at the current growth rate, will it take for China to double its real GDP per person?. 7c) What happen to the real GDP per person in 2020?

Y7

11. A. What are the two sources of economic growth given in the book? Capital good (millions per month) c Consumption goods (millions per month) 1 C. Using the above graph where each point represents different countries, which country should have the slowest economic growth? Why? (Ctrl)

While increasing outplut levels have been a benefit of economic growth, what have been some of the challenges associated with the phenomenon of economic growth?  Here consider the broad social and environmental implications that stem from economic growth. In your answer draw on relevant evidence and examples.

Write an short essay,explain at least 3 possible challenge and concern related to economic growth for United States from the year 2000 to 2020.(Provide relevant data as evidence to show that there are 3 possible challenge and concern related to economic growth for United States from the year 2000 to 2020)

question 1 Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth?

Answer the following: Q#13)  The  former Tea Party and Trump factions with the Republican Party would               like the government to limit its direct intervention in the private sector while               lowering taxes and eliminating government regulations.               Which theory of economic growth is being utilized? (a)  Malthusian Theory         (b)  Neo-Classical Theory         (c)  New Growth Theory   Q#14)  Does allowing for private property and property rights promote economic              growth through time?  Which best summarizes the view of economists?      (a)  Yes.  Profit incentives that undergird investment and innovation would be           undermined unless private property rights are protected.   (b)  No.  The public interest and the public welfare cannot be promoted unless           private companies are controlled and even operated by the government.