1. With the use of appropriate graphs, illustrate and explain the following:a. How economic growth is achieved when the capital stock is below steady state.b. How economic growth is achieved when the saving rate increases.c. How economic growth is affected when the population growth rate increases.d. The golden rule capital stock, assuming there is no growth in the population.

c. Economic growth is affected when the population growth rate increases by reducing the amount of…

Answered: 1. With the use of appropriate graphs,…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 3E

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2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.
Economics 4. The Solow model says that population growth will not benefit a country in the long run but Michael Kremer disagrees. Explain both positions. Use a graph to explain Solow's argument. 5. The amount of education the typical person receives varies substantially among countries. Suppose you were to compare a country with a highly educated labor force and a country with a less educated labor force. Assume that education affects only the level of the efficiency of labor. Also assume that the countries are otherwise the same: They have the same saving rate, the same depreciation rate, the same population growth rate, and the same rate of technological progress. Both countries are described by the Solow model and are in their steady states. How would the following variables differ between the countries? A. The rate of growth of total income B. The level of income per worker C. The real rental price of capital D. The real wage
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.
All of the countries that grant considerable economic freedom have experienced positive rates of economic growth. A. True B. False
Which of the following statements best describes the relationship between Economic Growth and Literacy Rates ? A. Literacy Rates decline as Economic Growth improves because Education is less useful in a developed economy. B. Increased Literacy initially stimulates Economic Growth by improving Labour Productivity but declines as the Opportunity Cost of Education increases with long-term Economic Growth. C. Increased Literacy stimulates Economic Growth by increasing Labour Productivity; People consume more Education as the Economy continues to grow. D. There is no correlation between Economic Growth and Literacy Rates.
What are the current growth rates, population size and patterns of the United States, China, and Brazil. What are the discussions on events or policies that may have affected that countries population size/growth rate. Be sure to include reputable sources, such as the United Nations or your selected country's government websites. government's response to population changes (laws, policies, social changes, etc.) Give the current population size of the world and the current projection of the population size as the 21st century progressed.

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