In past decades, the Philippines has had a lower saving rate and a higher population growth rate than its regional peers. If this trend continued,its peers in the long run.the Solow growth model would have predicted that the country's per-capita income would be relativelyO a. The answer to this question cannot be determined.O b.higher thanO C.the same asO d. lower than

A high saving rate results in a high steady-state capital stock and a high level of steady-state…

In past decades, the Philippines has had a lower saving rate and a higher population growth rate than its regional peers. If this trend continued, the Solow growth model would have predicted that the country's per-capita income would be relatively its peers in the long run. Oa. The answer to this question cannot be determined. O b. higher than O c. the same as O d. lower than

In past decades, the Philippines has had a lower saving rate and a higher population growth rate than its regional peers. If this trend continued, the Solow growth model would have predicted that the country's per-capita income would be relatively its peers in the long run. Oa. The answer to this question cannot be determined. O b. higher than O c. the same as O d. lower than

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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Which one of the following statements is correct? a. Slower population growth rate than national income growth results to higher per capita income O b. Higher disposable income means more money available for consumption O c. All of these d. Higher labor productivity increases national income
Two countries, Alpha and Beta, have identical production possibilities frontiers. If Alpha produces at point A and Beta produces at point B, then O A. Alpha's economic growth rate will exceed Beta's OB. Alpha's and Beta's economic growth rates will be the same OC. Beta's future consumption will be less than than Alpha's O D. Alpha consumes more than Beta today, but it will grow slower than Beta ó Capital goods (per person) B Consumption goods (per person) PPF
Which government policy promotes economic growth? O A. increasing the interest rate charged on student loans B. implementing a fiscal policy that increases inflation C. implementing a monetary policy that increases inflation O D. building infrastructure and providing public goods Reset Selection
Suppose that population growth increases. The Solow growth model with population growth and depreciation (but without technological progress) predicts that this will tend to deteriorate people's welfare because of: (i) lower total output (ii) lower output per worker (iii) lower consumption per worker O a. (i), (ii), and (iii) O b. Only (i) and (iii) O c. Only (ii) and (iii) O d. Only (i) and (ii)
3 pts in the Solow model, the economy reaches a steady-state because as capital per worker increases O savings per worker is constant, while the population growth rate is contare and the depreciation rate of capital decen, ing that the economy w gro endogenously while the population growth rate and the depreciation rate of capital are comitant implying that the economy will converge to a sady O marginal savings per worker diminishes, while the population growth rate and the depreciation rate of capital are constant implying that the economy will gro endogenously Osaving perv state. O marginal savings per worker diminishes, while the population growth rate and the depreciation rate of capital are constant, implying that the economy will converge to a steady-state
Consider the Solow growth model without population growth and technological progress. When investment per worker is greater than the amount of capital per worker that depreciates, then: a. the economy will not be able to reach its steady-state level of capital. O b. the steady-state level of capital per worker is larger than the current level of capital per worker. the steady-state level of capital per worker is smaller than the current level of capital per worker. O d. the steady-state level of capital per worker equals the current level of capital per worker.
Suppose the government decides to reduce the Department of Science and Technology's budget for research. Assume this cancelled investment in research could have paid off in terms of useful innovations that increase labor efficiency. Which of the following statements is true under the Solow growth model with population growth and technological progress? In the steady state, the growth rate of the country's output per capita is expected to decrease. O b. In the steady state, the growth rate of the country's output per capita is expected to increase. O c. All the other statements are false. d. In the steady state, the growth rate of the country's total output is expected to increase.
My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つつ > *3
Economies with high growth rates tend to be those that increase their: O government regulations. O consumption. resources. human capital.
The below figure shows the investment rates (or saving rates) for Albania, Botswana, and Turkey from 1970 to 2014. Everything else equal, using the Solow model, which country would you anticipate to have the highest growth rate during the last 10 years? 70% 60% 50% 40% Mamy 30% 20% 10% 0% Albania -Botswana 1970 1973 O Albania O Botswana -----Turkey 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 Turkey O Based on the Solow model, they should all have the same growth rate.
Suppose Country A has twice the population growth but half the technological growth of Country B. County B's population growth is equal to its technological growth. Assuming that the two countries are similar in all other variables, then according to the Solow growth model: O a. The growth rate of total output is the same for Country A and Country B. b. The growth rate of total output for Country A is lower than Country B. Cannot tell. Need more information. O c. O d. The growth rate of total output for Country A is higher than Country B.
In the Solow growth model without population growth and technological progress, how can the steady state of an economy be described? (i) Total capital stock and total output are growing steadily over time. (ii) The change in capital stock per worker is zero. (iii) The level of investment per capita is equal to the depreciation of capital per person. O a. (i), (ii), and (iii) O b. Only (ii) and (iii) O c. Only (i) and (ii) O d. Only (i) and (iii)