Economies with high growth rates tend to be those that increase their: O government regulations. consumption. resources. Ohuman capital.

2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.

The formula for the steady-state level of capital per worker (k) is O S °** = -1/2 k Ok=8-s O 8 k =- S k*=s-6

If you say, "Economic growth is also hampered by a scarcity of land and water, and climate change, which reduces rainfall and raises temperatures" wouldn't they also be constraints and all answers be correct?

What can a government do to promote economic growth? Use examples to illustrateyour points