As an economist, what role do you see of markets in facilitating economic development? What are the areas in which markets may fail in promoting economic development?

Q: What is the Human Development approach to growth in developing countries? Also, briefly explain the…

A: HDI which is the abbreviation of Human Development Index is a statistical composite index of life…

Q: What are the meanings of ‘Economic growth’ and ‘Economic development’? What ‘Economic development’…

A: Economic growth, defined as an increase in people's real income, indicates that the ratio between…

Q: Examine the relationship between the two countries base on the graph and table provided. And list…

A: We summarized that from the above data , GDP of Norway increases in a consistent way, yet it…

Q: Climate differences affect the economic development of countries.  For example, undeveloped…

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Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: International data show a positive correlation between political stability and economic growth.…

A: Political instability refers to the uncertainty that is associated with government collapse due to…

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: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…

A: In response to social challenges, public policy is an institutionalised plan to solve relevant and…

Q: International data show a positive correlation between political stability and economic growth.…

A: In economics, there is said to be a positive correlation between the political stable a country…

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Economic growth: When production rises during a country's economy is remarked as an economic…

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: Look around you and try to identify ten (10) objects/items that you may consider as evidences of…

A: Economics deals with the effective allocation of scarce resources to satisfy the unlimited wants of…

Q: How would Pakistan can achieve the development in the agricultural sector. Enlist and explain…

A: Drivers of development are investment,innovation,technology,capital,entrepereneurship etc. These…

Q: In what role do you think does savings and investments play in the economy? Explain your answer. In…

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

Q: What creates or stimulates the rate of economic growth in the economy, in macroeconomics

A: In macroeconomics, the rate of economic growth comes from the demand side and supply side.…

Q: Two countries start with the same real GDP per capita. Country A’s real GDP per capita is growing at…

A: Country B real GDP per capita same as country A-6.6% After 140 years,it would be 6.6*4=26.4

Q: Which of the following is true about the relationship between foreign aid and economic development?…

A: Answer -   Foregin aid :- It is type of help or grant which has been provided by forging financial…

Q: What is Harrod's growth model

A: Harrod given his growth model in his book "towards a dynamic equilibrium". The main idea behind his…

Q: The development model of public sector growth focuses more on economic choice and less on exogenous…

A: Exogenous choices are the choices that influences externally on the identity of a place.

Q: Answer if TRUE OR FALSE • Population growth rate has a major effect/impact on the economy of the…

A: In a country, population refers to the number of people living in the country and earning their…

Q: Briefly summarizing both linear stage models and structural transformation models. What can you say…

A: Economic development is the very important goal of any country. In most of the cases, rich country…

Q: Why is a strictly economic definition of development inadequate? What do you understand economic…

A: The Economic Growth says that the more the actual GDP is production or more. Economic growth is…

Q: According to 2019 data, Japan will continue to be the most aged country in the world until 2050.…

A: In Japan, it is said thatthe labor force will decrease by 13 million by 2040.

Q: As long as a country has high GDP growth rate, it can be categorized as an emerging market economy.…

A: Emerging market economies are those economies that are into a transition period, and moving toward…

Q: Why do you think many developing countries like the Philippines were convinced of the necessity of…

A: The concept of economic growth is concerned with only the variables like GDP level, whereas the…

Q: What is the "endogenous growth model"?

A: Endogenous growth model implies that economic growth is primarily based on internal forces ( within…

Q: How can you say that there is an economic growth in a particular country? Cite some instances to…

A: Economic growth is an important indicator of the development of a country. Most of the developed…

Q: Why might the problem of rapid urbanization be a more significant population policy issue than…

A: Urbanization: Urbanization alludes to the populace shift from provincial to metropolitan…

Q: Which of the following explains the importance of education in economic growth? Group of answer…

A: Economic growth means an increase in the total production of goods and services in the economy. It…

Q: Economic development may not be attained without four wheels of economic growth. briefly comment on…

A: Economic development takes place when all the factors of economy are doing well and the country is…

Q: What is the “rural push” in the context of urbanization in developing countries and in what way…

A: What is the “rural push” in the context of urbanization in developing countries Answer: In…

Q: List the factors that account for increases or decreases in productivity growth rates.

A: The measure that depicts the number of goods and services or output being produced by making use of…

Q: It has been said that ending extreme poverty and achieving genuine development are possible but not…

A: Economic development is the creation of assets that are beneficial for the community. It is more…

Q: Discuss whether there is a conflict between economic growth,price stability and full employment

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Among the three core values of development, which among them plays the most important role to…

A: The three basic components or core values of development as were described by Amartya sen were…

Q: Why is economics central to an understanding of the problems of development?

A: Economics brings the significant changes to the structure of the economy, its institutions such as…

Q: Which of the following statements best describes the relationship between Economic Growth and…

A: Economic Growth refers to the increase in the GDP of a country over a period. It is characterized by…

Q: country of Azard, businesses use new smart cell phones to speed up many tasks such as sales…

A: Cell phones are an indispensable piece of business hardware for some entrepreneurs and their staff.…

Q: Critically examine how development theorists such as Todaro and Smith (2015) have used the…

A: The institutional approach of economic growth is described by economists as the growth in the…

Q: D7) Some economists argue that it is possible to raise the standard of living by reducing population…

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Q: Why is economics central to an understanding of the problems of development?

A: The development of an economy is based on the development of the infrastructure, the industries and…

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.…

Q: Identify a three public policies that can stipulate employment and facilitate economic

A: Government policies can lead to rise in the growth rate and employment. The monetary and fiscal…