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- What policies can the government of a free-market economy implement to stimulate economic growth?My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つ つ > *3The below figure shows the investment rates (or saving rates) for Albania, Botswana, and Turkey from 1970 to 2014. Everything else equal, using the Solow model, which country would you anticipate to have the highest growth rate during the last 10 years? 70% 60% 50% 40% Mamy 30% 20% 10% 0% Albania -Botswana 1970 1973 O Albania O Botswana -----Turkey 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 Turkey O Based on the Solow model, they should all have the same growth rate.
- Which of the following policies could a relatively poor developing country 3dopt to promote economic growth? Check al that apDly. = o = O s R Bravent spaculation by heavily taxing the sales of corporate stocks and bonds. Establich and enforcs strong property rights. Zllow the goverment to make ecisions about the economy's current production and investments for future production, Allow people and businesses to trade freely with forsign producers and consumers. Give inventors and authors exclusive, temporary rights to market and sel their creations.U. a UGLICOSC II LITC TODOI TVICe partiCipatioi 25. Which of the following institutional arrangements is most likely to promote growth? a. patents and copyrights that expire quickly and are loosely enforced. b. strong government control over resource allocation decisions. C. unrestricted trade between nations. d. all of these.Which one of the following statements is correct? a. Slower population growth rate than national income growth results to higher per capita income O b. Higher disposable income means more money available for consumption O c. All of these d. Higher labor productivity increases national income
- The formula for the steady-state level of capital per worker (k) is O S °** = -1/2 k Ok=8-s O 8 k =- S k*=s-65. Suppose that the Country of Eldesarrollo has a gross savings rate of 25%, a depreciation rate of 3%, an incremental capital-output ratio of 2.75, a population growth rate of 1.5% per year, and a per capita income of $1500. a. Using the Harrod-Domar (or AK) growth model, calculate the implied rate of growth of total GNI in Eldesarrollo. b. What is the implied rate of growth of GNI per capita? c. How much would the rate of gross savings have to increase to raise the growth rate of total GNI to 9%? d. Suppose that one-quarter of all investment is completely wasted in Eldesarrollo. Returning to the original numbers, what is the resulting effective ICOR, and what is the corresponding new implied growth rate of total GNI?_____ would most likely result in the economic growth of a nation. A. A decrease in the productivity of labor B. A decrease in the supply of labor due to emigration C. A decrease in the stock of physical capital D. An increase in the rate of growth of population E. An increase in the productivity of labor
- Explain/Discuss how technology, education and international investment can aid in economic growth, and give an example for each.Is a nation with a high per capital GDP and a low growth rate better than a nation with a low per capita GDP and jigh growth rate?Don't give AI solution A country had real GDP per peria of 5800 in 2005 and has had average real GDP growth of 8.4 %per wear, over the next 15 years, What is real GDP - at the end of that period?