"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?

Nigeria's average real GDP per capita growth from 1961 to 2019 is 2.4%.  Using the Rule of 70, approximately how many years will it take for Norway's real GDP per capita to double?  one decimal place.

Nobody knows exactly how many people live in Lagos, Nigeria. But they all agree on one thing – Nigeria's biggest city is growing at a terrifying rate. The UN says 14 million. The Lagos State government thinks it’s nearer 21 million, as rural Nigerians are drawn by the hope of a better life to one of Africa’s few mega-cities. By 2050 Nigeria will have twice the population it has today, more than half will live in cities, and about 60% of them will be under 25.As Lagos’ population booms, so too does business activity. Currently, Ben is employed with Marriott and he works in New York City. His manager approaches him with a promotion, which entails moving to Lagos, Nigeria, an emerging market with a population of 12 million people. Ben feels that culturally, this move will be too difficult, but his manager is trying to emphasize the many opportunities that could come from this both economically and professionally for Ben.  Question: Which of the following statement(s) will be the most…

Education, power, and technology can impact a country's prosperity. Discuss several factors that support that assertion. Please and Thank you

Describe the relationship between economic freedom and economic growth.

2. Choose 1 country from Latin America, or Africa, or Asia. Find its birth (fertility) rate, death (mortality) rate, and population growth rate in 2021 or 2022. (You can use any source of information but make sure you mention this source in your answer.) Based on the information you find; calculate how many years will it take for this country to double its population.

Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual rate, how long will it take for real GDP per capita to reach $70,000 in Egypt?

The following table gives the demand and supply schedules for widgets. Price {:[" Quantity "],[" Demanded "]:} Quantity Supplied $25 88 130 $20 92 120 $15 96 110 $10 100 100 $5 104 90 The equilibrium price in this market is $ The equilibrium quantity in this market is units. If the price in this market was $20, there would be a of units.

Answer the following questions. Instructions: Enter your answer as a whole number. a. A relatively small but steady economic growth rate can create a large change in economic prosperity in a fairly short period of time. This phenomenon is known as (Click to select) b. Using the rule of 70, suppose a person lived to be 70 years old in a country with an average annual growth rate in real GDP per capita of 2 percent. The average income during this person's lifetime would increase by approximately: times.

Consider two distinct countries, denoted as A and B. Initially, Country A had a per capita GDP of $10,000 and experienced a growth rate of 10%, while Country B had a per capita GDP of $40,000 and experienced a growth rate of 2%. Assuming that the growth rates remain unchanged, which country will have a higher per capita GDP when t = 35 time periods (years)? O Country B O Country A O All of these choices are correct. They are the same