A policy that increases saving a. will worsen economic growth, but improve health outcomes. b. will worsen economic growth and health outcomes. c.will improve economic growth, but worsen health outcomes. d. will improve economic growth and health outcomes.
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- How does increasing the level of public education spending typically affect the long- term economic growth of a country? A. It has no effect on long-term economic growth. B. It reduces long-term economic growth due to higher taxes. C. It increases long-term economic growth by improving the workforce's skills and knowledge. D. It initially boosts economic growth but leads to a decline in productivity over time.According to 2019 data, Japan will continue to be the most aged country in the world until 2050. Japan's workforce is estimated to drop by 13 million by 2040. How will the economy be impacted? a. The impacts on labor productivity will exceed the impacts on economic growth. b. The impacts on economic growth will exceed the impacts on labor productivity. c. The impacts on economic growth and labor productivity will be equal/comparable. d. Neither labor productivity nor economic growth will be impacted.Thomas Robert Malthus believed that population growth would a.put stress on the economts ability to produce food,dooming humans to remain in poverty. b.spread the capital stock too thinly across the labor force,lowering each worker's productivity. c.promote technological progress,because there would be more scientists and inventors. d.eventually decline to sustainable levels,as birth control improved and people had smaller families.
- Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.What is the likely effect of increasing public investment in higher education on a country's long-term economic growth? A. It will lead to a decrease in economic growth due to higher taxes. B. It will have no effect on economic growth. C. It will lead to higher long-term economic growth due to an improved labor force. D. It will initially boost economic growth but lead to a decline in the long run.Economic growth. Two key sources of economic growth have been due to increases in resources and increases in productivity. a. Please explain 5 factors that might contribute to falling U.S. GDP growth rates. b. Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. c. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. d.Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.
- 1. The objective of economic development is to raise the levels of living, it meansa. provide additional income, provision for more jobs and greater attention to cultural values.b. widen the distribution of food, shelter, health, and security.c. expand the range of economic and social choices. 2. Modernizing values of developed nations, many societies in developing countries suffer from serious cultural confusion when did come in contact with technologically advanced societies. What role and core values of Economic development?a. sustenanceb. self-esteemc. freedom from servtitudeChoose the correct statement about economic growth theories. A. Modern-day Malthusians point to global warming and climate change as reasons to believe that eventually real GDP per person will decrease. B. Classical growth theory tells us profit is the spur to technological change. C. According to new growth theory, growth occurs because knowledge and physical capital do not experience diminishing returns. D. New growth theory is sometimes called Malthusian theory.In the long run, what will be the source of a country’s economic growth? a.Labor laws b.Labor productivity c.Labor issue d.Labor costs
- 1. Japan’s real GDP was 525 trillion yen in 2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate a. The economic growth rate. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Japan to double if the real GDP economic growth rate returns to 3 percent a year and the population growth rate is maintained.Suppose that society decided to reduce consumption and increase investment. i. How would this change affect economic growth? ii. What groups in society would benefit from this change? iii. What groups might be hurt?20. In recent years, many DVCS have come to realize that A. private capital investment is essential for economic growth in DVCS. B. expanded international trade is harmful to DVCS. C. government involvement in economic development is the only avenue for economic growth. D. the International Monetary Fund is the major institutional barrier to economic growth.
