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- What policies can the government of a free-market economy implement to stimulate economic growth?An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?15. Suppese that in 1960 Japan had an initial per capita GDP of $12.000 per year and China had a per capita GOP of 55.000. But China is grewing at 5 percent per year and iapan is growing at 3 percent per year. ia richer in 2010 with a per capita GDP of eporoni mately a lapan $5.000 a. China: $73,500 a. lapen: $31,500 . Not enough information is given. e China $5,000
- 5) Purpleland's Real GDP was 196 billion dollars in 2006 and 206 billion dollars in 2007. Purpleland's population growth rate was 2% in 2007. a. If Purpleland's 2007 economic growth rate and population growth rate are maintained, how long will it take for Purpleland's RGDP/capita to double? menu Ineuo end of b. If Purpleland's 2007 economic growth rate is maintained but the population growth rate falls to 1.5%, how long will it take for Purpleland's RGDP/capita to double? art36. Which of the following will help to increase a countrys human development? a.A decrease in nominal GDP b.An increase in nominal GDP c.An increase in real GDP per capita d.A decrease in real GDP per capitaThe real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?
- 6. Why is economics central to an understanding of the problems of development?.Q. 4 Under a developing economy, an analysist assigned you to calculate the followings for the further development of the economy of the country: a) GDPMP b) GNPFC c) NNPMP d) NNPFC The items are as follows: Amount in crores Value of output Rs. 100000 Depreciation Rs 6000 Indirect taxes Rs 6000 Subsidies Rs 1000 Intermediate consumption Rs 2400028. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capitaof $75,000. Which of the following is NOT a plausible reason for Country B’s higherGDP-per-capita?(A) Country B has more open and inclusive economic and political institutions.(B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital.
- 15. Low - income countries and upper middle - income countries are informally grouped as the middle - income countries. O. True O. False 16. The PPP gives an overall index of economic development. It gives a rough ability to make comparisons on the issue of economic welfare - much more than just using GDP statistics. PPP is important because it helps us to know how a country is doing. It is a better measure of a country's progress. O. True O. False 17. Health as measured by life expectancy, undernourishment, and literacy. O. True O. False 18. Gross domestic product is defined as gross domestic product, plus net receipts from abroad of compensation of employees, property income and net taxes less subsidies on production. O. True O. Falseexplain 1.Orthodox or conventional economists say that to address unequal growth between the rich and thepoor, the world economy needs to grow more. Do you agree with this idea? Why or why not? 2.What does the term “de-develop” mean? Is it a positive or a negative idea? 3. According to investopdia.com, a steady-state economy is an economy structured to balance growt hwith environmental integrity, seeking to find an equilibrium between production growth andpopulation growth. This type of economy aims for the efficient use of natural resources but alsoseeks a fair distribution of the wealth generated from the development of those resources. Is thistype of economy more plausible than continued, unlimited economic growth? Why or why not?1. What do you think are the reasons why every country has different levels of economic development. 2. Which among the economic measurement is important in determining the economic development of our country.