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

Q: Is there any difference between the economic growth and economic prosperity.

A: Economic growth is the rise in an economy's output of goods and services over a given time period,…

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: In what way do the Sustainable Development Goals differ from the Millennium Development Goals?…

A: Sustainable development means development without compromising with the needs of the future. This…

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: Explain the term economic development and how is economic development measured?

A: As wants and desires of the individuals in the economy are unlimited but resources possessed by an…

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 is the difference between the economic development and preserving traditions and cultures…

A: The objective of this question is to understand the difference between economic development and the…

Q: Discuss the 7 keys to economic development.

A: Economic Development Process by which economic well being and quality of life is improved as per the…

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: why is the reason that some country are not yet developed

A: A country is said to be developed if it has advanced technology and advanced infrastructure. A…

Q: What do you think is the importance of innovation in the economic development of a country?

A: The nations around the world tend to operate with the motive of increasing their economic, and…

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: Where are the high-income economies, and howwealthy are they?

A: High-income economies are those economies whose gross domestic product is high. This implies…

Q: difference between economic development and economic growth?

A: Meaning of Economic Development: The term economic development refers to the situation under which…

Q: What is the current real GDP per person in South Africa? How has this changed over the past 10…

A: The word "economic environment" refers to any or all external economic parts that influence shopper…

Q: how would you describe the relationship between property rights and GDP per capita? Why do you think…

A: Property rights are the legal privileges and protections that are granted to people and…

Q: What has surprised you most about the measurement of economic development?

A: The United Nations Development Programme's first Human Development Report, issued in 1990,…

Q: What do you see as Government's role(s) in developing enterprises? In this regard, what do you think…

A: Macroeconomics is a sub-part of economics that is used to understand, the policies and fiscal…

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: Does productivity has direct influence on a nation's living standards?

A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…

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: Has the world progressed in terms of economic development? Give the indicators of economic…

A: The world progressed in past years in terms of economic activity. and there are many indicators that…

Q: Why is the economy a significant driver of development? How does this happen?

A: The economy consists of the combination of all the activities that take place in a country, for…

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: Name at least three sources of economic development and explain completely that how they lead to…

A: Sources of economic development refers to key agents which leads to increase in development of an…

Q: How does digitalisation help lower manufacturing costs in the circular economy ?

A: In economics, digitalization refers to the process of using technology in business in order to lower…

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 have  been the ingredients for economic growth and development that China and India share?…

A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…

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: Explain how GDP, the categories of economic development, and the business cyde influence marketers'…

A: GDP stands for the gross domestic product is the value of the total output of all the goods and…

Q: What is economic development? How should it be measured?

A: The two or more economies can be compared with each other to know which economy is better in terms…