Which of the following is the closest to the concept of economic  development? a.     economic growth accompanied by an improvement in the people’s  quality of life. b.     economic growth without improvement in the quality of lives of the  people. c.     economic growth due to increased GDP per capita. d.     GDP per capita only.

Q: Name Three public policies and how do they contribute to economic growth?

A: Increased output of products and services is referred to as economic growth. Economic growth can be…

Q: when refer to the real GDP growth table, some states had the fastest annual economic growth. Discuss…

A: when refer to the real GDP growth table, some states had the fastest annual economic growth. Discuss…

Q: There's quite a diverse set of countries in East Asia that have varying levels of development.…

A: Nature of countries whether Lower , higher or middle income countries are measured by the gross…

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: Explain the concept of economic development and give the examples

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: List and discuss three specific policies for achieving sustainable development. Do these policies…

A: Sustainable development is a getting sorted out standard for meeting human improvement objectives…

Q: Discuss the assertion that "there can be growth without development."

A: Economic growth estimates an expansion in Real GDP (genuine yield). Gross domestic product is a…

Q: Does economic growth mean economic development? Discuss

A: In economics, economic growth is defined as the increase in the goods and services produced in an…

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

A: Economists and statisticians employ a variety of ways to track economic progress. The most…

Q: What is the relationship between innovation and economic development? Explain in detail in micro and…

A: The relationship between Innovation and Economic development can be explained as follows :  Due to…

Q: Essay. Economic growth is said to be a necessary but not a sufficient condition towards development.…

A: Economic growth is much larger and includes improving the economic, social and political well-being…

Q: Which of the following two countries A and B ceteris paribus do you expect to have the higher…

A: A - Country A will have higher level of GDP growth because it features a higher GDP per capita

Q: What is the true meaning of Economic Development? How can it influence productivity in a country?…

A: True meaning of Economic Development Economic and social growth is the mechanism by which a…

Q: Discuss five (5) ways which the country can do to increase its savings rate.

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Economic development can only be achieved by economic growth and this depends solely on higher…

A: Although the ideas of economic development and economic growth are distinct, they are sometimes used…

Q: Explain the concept of economic development and describe five can use to drive development, in the…

A: Economic development in an economy happened when there will be economic growth continued for a long…

Q: s a nation with a high per capital GDP and a low growth rate better than a nation with a low per…

A: Definition:   Gross domestic product Per Capita is an estimation of the surmised worth of a…

Q: As explained by the economists, economic development and economic growth are the same. TRUE OR…

A: When comparing one period to the next, economic growth is defined as a rise in the production of…

Q: Does economic growth leads to economic development? How? In what way? Answer by giving an example.

A: Economic Growth refers to increase in output. It is a quantitative aspect. Economic Development…

Q: How do Economic institution affects Economic growth

A: Economic institutions are responsible for the economic policies formed in the economy. These…

Q: By giving examples, explain the steps on how a government should chart the path towards sustainable…

A: The economy that entails markets providing incentives in order to reuse products instead of…

Q: According to Malthus, how does economic growth and population relate to each other?

A: Economic growth models are designed to show how growth in capital stock, increase in the labour…

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: What are public policies and how to they contribute to economic growth?

A: Economic growth is also known as prosperity, boom, economic upswing. It means an increase in the…

Q: What do you understand as the most important difference between economic growth and economic…

A: Answer to the question is as follows :

Q: Discuss how money contributes to economic growth and\or development? Explain in detail.

A: Answer to the question is as follows:

Q: 1. The objective of economic development is to raise the levels of living, it means a. provide…

A: 1. Economic development refers to initiatives, policies, or actions aimed at improving a community's…

Q: How economic growth differ from economic development?

A: An economy refers to the production and consumption of goods and services are used to satisfy the…

Q: What are the phases of economic development? Why is it important to understand the specific steps…

A: Economic development is a series of incremental improvements. The business climate of a country…

Q: Explain the differences and similarities between economic growth and economic development

A: The economy is the combination of mainly three activities such as manufacturing, distribution, and…

Q: Are the two terms economic growth and economic development similar? Explain.

A: No, the two-term economic growth and economic development are not similar. 1-Definition Economic…

Q: China had about same per capita GDP as that of India in 1970s. In the intervening decades, per…

A: Government uses fiscal policy to increase economic activities by increasing aggregate demand. Now…

Q: What is economic development? Explain its nature and importance.

A: Economic growth can be defined as an increase in output through increase in factors of production…

Q: What is the difference between economic growth and economic development? Give one example in each..

A: Growth and development are two different terms. Growth is a relatively smaller concept than…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…

Q: WHAT IS THE IMPORTANCE OF ECONOMIC GROWTH?

A: Economic growth indicates that a country's limited resources are being used more efficiently. It is…

Q: Compare the concept of economic growth and economic development and show the link between them

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Describes economic growth and explain FOUR (4) public policies that can promote economic growth.

A:

Q: 3. Which of the following is not one of the three terms used to describe and compare the level of…

A: Here, they are asking about comparing the level of economic development in a country.

Q: it possible to have economic development without economic growth?

A: Economic growth implies an increment in real national income/national output. Economic development…

Q: Provide a detailed introduction to both Economic growth and economic development

A: Economic growth and Economic Development might seem similar but are two different approaches.…