Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run the capital-labor ratio (K/N) will be greater in B than in A. В economic growth will be higher in A than in B. the capital-labor ratio (K/N) will be the same in the two countries. D the capital-labor ratio (K/N) will be greater in A than in B.

Consider the growth model with labour augmenting technological progress. A decrease in the steady state capital per worker may be a result of O Increase in technological growth rate Decrease in savings rate O Increase in population growth rate All other options are correct,

Assume that a leader country has real GDP per capita of $80,000, whereas a follower country has real GDP per capita of $40,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 5 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country? Instructions: Enter your answer as a whole number. years

if a country does not have a large endowment of natural resources then they cannot achieve sustained economic growth true of false?

1. Over the period from B.C. 10,000 to A.D. 1, the world population is estimated to have increased from 4 million to 170 million, while the level of income per capita was constant over time. Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the growth rate in productivity over this period. What was the annual growth rate of productivity, A?

In our one country model of technology growth, y = A(1- γA). Suppose that the country temporarily raises its level of γA. (a) Draw two graphs, one for y and one for A, showing how the time paths of output per worker (y) and productivity (A) will compare under this scenario with what would have happened if there had been no change in γA Please do fast ASAP fast

A country starts with real GDP per capita of 500, and is growing at 4.3% per year. After 70 years, real GDP per capita will be approximately...?

Which of the following statements is true with respect to the economic effects of controlling population growth? Multiple Choice A. Developing nations tend to have lower fertility compared to developed nations. B. Lower male-female ratios favor higher fertility rates. C. A decline in fertility rate is a function of economic prosperity. D. Fertility rates increase proportionately to the rate of economic growth. E. Higher population growth rates have resulted in increased global trade.

The table below shows the level of real GDP and real GDP per capita growth rates for a select set of countries for the year 2016 Determine the number of years it will take for the standard of iving to double in each country. Instructions: Round your answers to 1 decimal place. Growth Retes and the Rule of 72 Number of Years for Grouth Rate of Real GDP Standard of Living to Country Real GDP (illions) per Capita (percent) Double Canada Hadagascar Phillppines $1,597,516 0.2% 37,570 1.4 807,894 5.3 Sweden 490, 282 2.2 United States 18,624,475 0.8

on 8. From the following countries, which had the highest average annual rate of growth of real GDP since 1960? A) United Kingdom B) South Korea C) Canada D) United States OD OA O C OB E