"Given the rate at which scientists are making new discoveries, we will soon reach the point that no further discoveries can be made. Economic growth will come to a stop.” Do you believe this to be an accurate statement? If so, why? If not, why?

Q: Do you think that all of today’s developing nations will complete the demographic transition and…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Population growth prior to the 1900s was limited by what? What is the world’s population today and…

A: 1)Prior to 1900,there was not much advancement in medical technology,therefore deaths would be more…

Q: Which institutional design would you say is more suitable for economic growth: a majoritarian or a…

A: Economic Growth: Economic growth occurs when the production of goods and services increases as…

Q: If Japan has 4.5% per capita growth in GDP, how many years will it take for the country to triple…

A: Growth rate formula:  If  X is any economic variable and  Xt is the initial value of x and Xt+n is…

Q: Why is economic growth necessary for reducing poverty and inequality

A: Economic growth refers to process of increasing the total production of goods and services in an…

Q: Which of the following is a true statement? Multiple Choice Economists who support economic growth…

A: Economic growth is generally defined as an increase in the real GDP of a country over a period of…

Q: Which of the following two countries A and B ceteris paribus do you expect to have the higher…

A: A - Country A will have higher level of GDP growth because it features a higher GDP per capita

Q: Population growth surges rapidly

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Civil Conflict = 0.27 - 0.38GDP Growth Rate compute the change in the probability of a country…

A: We are going to find out the change in probability of Civic conflict with respect to the change in…

Q: GDP per capita in the United States was approximately $63,000 in 2020. Use the growth formula (see…

A: In this case, GDP per capita is discussed here. GDP per capita is actually the division between…

Q: Which of the following would you say is the more important determinant of strong economic growth –…

A: Nations with rich endowments of natural resources are ordinarily more affluent and ready to create a…

Q: Economic growth typically results in rising standards of living and prosperity. However,  it also…

A: The model's dependent variables are regulations like approachable and inaccessible locations,…

Q: why would removing a trade restriction,such as a tariff , lead to more rapid economic growth?

A: The trade is, in some ways, a type of technology that can stimulate the same kind of economic growth…

Q: where do we stand in the life cycles of civilizations? Please explain. what direction in the life…

A: (A) Many civilizations lasted around 250 years. approx 10 generations and so on, and all…

Q: As explained by the economists, economic development and economic growth are the same. TRUE OR…

A: When comparing one period to the next, economic growth is defined as a rise in the production of…

Q: Assume that a leader country has real GDP per capita of $80,000, whereas a follower country has real…

A: The growth rate of real GDP (Gross Domestic Product) is a measure that quantifies the percentage…

Q: Economic growth means an increase in the ability of an economy capable to produce goods and…

A: Economic growth and development are the major goals of every country.

Q: Some resource-rich countries have succeeded in converting resource wealth into longterm and…

A: Economic development refers to the sustained, long-term growth of an economy, usually accompanied by…

Q: According to the rule of 72,if the economy of the United Apex Emirates will double in 52 years, at…

A: The rule of 72 is an approximation to figure out doubling time required by an economy with a certain…

Q: Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5000. However,…

A: The term "gross domestic product" (GDP) refers to the production of goods and services at a specific…

Q: What are the advantages of Endogenous growth theories?

A: Endogenous Growth Model Endogenous Growth Model explains that the factors determining economic…

Q: Cite an example of how governments can affect economic growth.

A: Economic growth is the process through which the final commodities and services produced by the…

Q: True or false Technological advancements is necessary for the economic growth in a country.

A: An economy is said to be experiencing economic growth when its output of goods and services rises…

Q: Describe the difference between human capital and technological knowledge in terms of workers’…

A: Human capital is defined as the required skills, expertise, knowledge, and experience that an…

Q: how does endogenous growth theory explain economic growth

A: Neoclassical growth model: - Neoclassical growth model was first given by Robert Solow and Trevor…

Q: Describe the role energy plays in economic growth.

A: When firms produce commodities they employ many inputs like labor, land, capital, energy,etc.

Q: development in an ec

A: Depending upon the balance of the number of births and deaths, the change in the population size…

Q: True or False and Explain your answer. The following table shows average annual growth rates of…

A: The following table shows average annual growth rates of output per worker and factors of production…

Q: Why might the Coronavirus pandemic cause slowed economic growth?

A: Economic growth is influenced by economic variables that have direct or indirect relationship with…

Q: What immediate consequence does an increase in education have in the endogenous growth model with…

A: Human capital refers to the knowledge, skills, and abilities of a population that can be used to…

Q: would deregulation and privatization as well as increased competition be likely to increase mexico…

A: The privatization is the process of transferring the ownership of the public sector enterprises into…

Q: Let's explore what happens to the size of a population when it overshoots its carrying capacity.…

A: Population growth is the increase in the number of human beings present on earth. The carrying…

Q: Economic growth is: an expansion of production possibilities an increase in the population…

A: Economic growth is a concept in economics that refers to an increase in the output that an economy…

Q: Real GDP per capita in the country of Arcadia grew from about $4,666 in 1900 to about $42,069 in…

A: The situation in which the overall flow of products and goods is calculated in the domestic market…

Q: If country A’s and country B’s GDP per capita are $10,000 and $5,000 this year, respectively.…

A: Ans. ) Given in the question, there are two countries, A and B. Also, it is given that country A's…

Q: Explain how each of the three conditions Smith describes would promote economic growth

A: Peace would promote economic growth as it is an indication of respect to property rights. Violence,…