Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 37, Problem 7DQ
To determine
President Trump has said that he doesn’t see why the U.S. economy cannot grow at 3 or 4 percent per annum (or maybe higher) indefinitely.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What are THREE public policies that can stimulate employment and facilitate economic growth in an economy?
What are some steps the government can take to encourage research and development?
you are appointed by a congressional task force to recommend at least two economic policies that will result in long-term growth. What do you recommend, and why?
Chapter 37 Solutions
Economics: Principles & Policy
Knowledge Booster
Similar questions
- choose an economical concept that is the most important for the domestic or global economy in your opinion? Explain why and how this will affect the economy in the short and long term.arrow_forwardTo usher in a new era of transformative change for a more sustainable, equitable, and greener world, governments and financial markets have begun to demand a stronger integration of the SDGs (Sustainable Development Goals) in public and private investment decisions. The global economy is encouraged to move towards a build back better or divest from the use of nonrenewable energy resources like fossil fuel. Can our country do this? How? Do we have the resources and capacity to move towards the use of renewable sources of energy?arrow_forwardA balanced federal budget and a balance of tradeare secondary goals of macroeconomics, while growthin the standard of living (for example) is a primary goal.Why do you think that is so?arrow_forward
- In what role do you think does savings and investments play in the economy? Explain your answer. In what way does saving and investment affect economic growth and development? Give an example and justify your answer.arrow_forwardHow can a nation’s budgets support growth?arrow_forwardBillions of people in the world make two dollars a day or less. In fact, a billion people make less than one dollar a day. In such places, a loan of $100 or $200 makes a huge difference. That's where microloans from organizations such as Opportunity International come in. Opportunity International is an organization that grants microloans to people, mostly women, in developing countries so they can invest in a business. Those investments often lead to community growth and employment, and help the owners, themselves, to prosper on a moderate scale. The borrowers must pay back the money with interest—when they do, they can borrow more and keep growing. Opportunity International, unlike some other microlending organizations, also provides a banking function where entrepreneurs can safely put their money. They can also buy some insurance to protect themselves against loss. Opportunity International helps over a million people in over 28 countries, giving them the opportunity to change…arrow_forward
- Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?arrow_forwardThe real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?arrow_forwardAccording to the rule of 72,if the economy of the United Apex Emirates will double in 52 years, at about what rate per year is its GDP growing?Give your answer to the nearest tenth of a percent.arrow_forward
- Why are many people now living at the highest level of material prosperity in history? Is this level of consumption sustainable? How can we consume less while improving our quality of life?arrow_forwardForecasting global demand and economic growth requires an understanding of what is happening economically in countries around the globe. True or false?arrow_forwardWhy is saving important for economic growth and development?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning