In which economy is GDP per capita higher in steady state? Economy A Economy B O Not enough Information

Q: Explain 8 features of a developing country. c. Explain 5 challenges associated with economic…

A: The large set of activities of production and consumption being inter-related which help to aid in…

Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…

A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…

Q: Which countries will have a better standard of living? a. Those in poor countries b. Those with low…

A: Developed countries has higher GDP per capita which means that the output produced by people of…

Q: What are the problems of the economic growth and consumption?

A: Consumption is characterized as the utilization of labor and products by a family. It is a part of…

Q: Explain in detail. How the economy of US changed over years. Is there any economic progress there?

A: The system of producing, distributing, and consuming products and services within a society or a…

Q: What is investment? What is the role of investment in a country’s economic development?

A: In an economy, the primary economic activities are considered as consumption and production.

Q: What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does…

A: GDP per capita is the total output per person produced in the country.

Q: Briefly discuss the main economic problems.

A: An economy is a region where products and services are produced, traded, distributed, and consumed.…

Q: In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being…

A: GDP is the money value of all final goods and services produced in an economy during a specific…

Q: Why do some national economies grow faster than other national economies?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: can you please differentiate economic growth with development?

A: Economic Growth: Economic growth measures the growth and progress of the economy in quantitative…

Q: List the different ways used to measure the wealth of nations?

A: We can measure the wealth and growth of a nation by the ‘gross domestic product’ or GDP and ‘gross…

Q: How expenditure affects the economic growth and development?

A: In economics, expenditure refers to the income spent on purchase of various goods and services. It…

Q: Is population’s growth a good thing or bad thing and why?

A: Population Growth refers to increase in the count of people living on the Earth.

Q: According to Jason Hickel how do rich countries de-develop?

A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…

Q: What is GDP per capita? What for do we use GDP per capita?

A: "GDP measures the market value of all the final goods and services produced in a nation at a…

Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: How fast is the per capita real GDP growing for india?

A: The per capita real GDP can be calculated by dividing the real GDP by the population.

Q: What are the top 10 countries by GDP/capita and what are their actual GDP/person numbers in USD$

A: It can be defined as the method which shows the average output of a particular economy in a given…

Q: Which GDP result (current or constant) is more appropriate for comparative purpose with other…

A: Gross Domestic Product (GDP) measures the market value of final goods and services produced by an…

Q: There are two countries in the world: Happytimes and Treehausland. Both countries currently have a…

A: GDP refers to the sum total of the market value of final goods and services produced in a country…

Q: What and how certain economic indicators are impacting the Economy of Pakistan? Discuss.

A: Economic Indicators are the statistics that measure the economic performance of the country. Some of…

Q: Per capita GDP is used to measure a country's standard of living. What other economic factors impact…

A: The GDP is known as gross domestic product which is the sum of all the final goods and services…

Q: The real GDP per person in a country A  has grown about 4 percent per year. When this country' GDP…

A: Real GDP per person is defined as the volume of goods and services produced in an economy by taking…

Q: What is keenness to consume in economic development?

A: Consumption is distinct from consumption expenditure, that is that the purchase of product and…

Q: What cause GDP per capita to be low compare to its GDP

A: The GDP is the sum of the final value of the domestic value of goods and services which are produced…

Q: How do the economic sectors differ?

A: Economic sectors refers to various different sectors of the economy each dealing with different…

Q: What are the major government policies play in effective role in the growth and development of a…

A: Government is very much responsible for economic growth or development of a country. foreign…

Q: What is the term used to describe the transition of an economy from low - income to high - income…

A: The need for economic transition is triggered by economic challenges or opportunities. An economy…

Q: What is aid in economy? Does aid promote economic development? How does aid help in economy?

A: Professional advice and training, as well as commodities and financial resources, may be required as…

Q: Answer in detail. The technology plays an important role in the development of an economy. How?

A: Technology refers to the tools, techniques, methods, and knowledge used to create, develop, and…

Q: Why people are the real products of economic development?

A: Economic development involves the rise in real per capita output and income. Its central point is to…

Q: if two countries have the same Savings rates why is there  Growth rates different?

A: Economic growth is one of the major goals for all the economies across the world. The development of…

Q: what is the growth rate of GDP per capita formula

A: GDP stands for Gross domestic product which means total amount of goods and services produced within…

Q: How quickly does GDP need to grow in order to provide for population growth?

A: Gross Domestic Product (GDP) is a comprehensive measure used to gauge the total economic output of a…

Q: how does happiness influence economic development and GDP through social, economic, and political…

A: Economic development alludes to the cycle by which an economy further develops the prosperity of its…