User Account

All Pages

Factors affecting economic growth

Assignment Help Business Economics
Reference no: EM131546054

Topic 1: Factors Affecting Economic Growth

It is highly recommended that you review the Seminar presentation located in the Seminar area before beginning the Discussion.

There are a number of economic and non-economic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries.

Based on your reading of Chapter 26, other course materials, and your knowledge and experience, analyze the following questions.

  • What factors might contribute to low or high growth rates in a country? How can sustainable long-run economic growth rate be realized? What are the roles of the government in achieving sustainable long-run economic growth?
  • Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?
  • What is the relationship between economic growth rate and unemployment rate?

Reference no: EM131546054

Questions Cloud

Describe companies that produce physical products : Describe companies that produce physical products such as cars, airplanes, clothing, furniture, etc., vs. companies that solely process information.
The market value of this outstanding bond : If the bond currently sells for $1,000, what is the after-tax costs of debt capital, as indicated by the market value of this outstanding bond?
What is effective cost of borrowing in this case : Your firm has an average collection period of 49 days. What is the effective cost of borrowing in this case?
What is difference between being a learner and being scholar : In your opinion, what is the difference between being a learner and being a scholar? Justify your claims. (Research is not required to support your conclusions.
Factors affecting economic growth : It is highly recommended that you review the Seminar presentation located in the Seminar area before beginning the Discussion.
When would an argument be considered valid : An automobile company decides to do its bit for the environment by introducing new models of electric cars.When would an argument be considered valid?
How does such trading differ from the forward market : Is it possible to trade foreign exchange in the futures market? How does such trading differ from the forward market?
Is micro credit the result of global divergence : What internal and external governance mechanisms are in place in Micro Credit? Is microcredit the result of global divergence?
Understanding terms enhance management performance : How will understanding these terms enhance management performance? Be specific in view of impact.

Reviews

Write a Review

Business Economics Questions & Answers

  Find investor relations at the bottom of the page

Select a project from IBM’s recent academic collaborations. Describe in a paragraph what this project is. Go back to the IBM front page, find “Investor Relations” at the bottom of the page. Go to IBM’s most recent annual report. How much did IBM spen..

  Marginal rate of substitution of leisure for consumption

Tom gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 112 hours. His wage is $20. His utility function is U(C,L) = C^3/4*L^1/4. Tom receives 640 each week from her great-grandmother. What is the mar..

  Calculate the price elasticity of demand

Current average daily sales of hats are 60. The current price is $9.24 per hat. A store manager notices that a rival store is charging $8.50 per hat. Use the mid-point method to calculate the price elasticity of demand.

  Product currently stands on the product life cycle diagram

The vast majority of new products fail. Estimates of failure rates range from 60% to 90%. Why? Isn't it reasonable to assume that the people working for the major food companies know this and thus take steps to ensure their new products are successfu..

  Hypothetical economy-money demanded for transactions

Assume that the following data characterize the hypothetical economy of Trance: money supply = $190 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..

  Example of transmission lag and data lag

Which of the following scenarios is an example of a transmission lag? Which of the following scenarios is an example of a data lag?

  External wealth can increase by all of the options

External wealth can increase by all of the options listed below EXCEPT which one? Enter in your spreadsheet the letter answer corresponding to the correct answer from those listed below:

  Actually cause crash-landing of our economic growth

Beginning in the middle of 1999 and ending in the spring of 2000, the Federal Reserve Board raised the Federal Funds interest rate and its Discount Rate in increments which totaled 1.75 percentage points in order to slow the economy. In the paraphras..

  What is the determinant that has caused the shift

Find an article (newspaper, magazine, or online) that identifies a shift change in supply and demand. Use the article to answer the questions: Indicate if the shift has already occurred, maybe occurring currently, or may occur in the future. Is the m..

  What are the reserve-deposit ratio-currency-deposit ratio

In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in form of currency (and thus two-thirds as bank deposits). Banks hold a third of their deposits in reserve. What are the reserve-deposit ratio, the currency-d..

  How much labor and capital are used to produce this quantity

I have a production function Q=f(L,K)= 2L+4K. The cost of each unit of L labor is 10 and the cost of each unit of capital K is 18. Assume the gift boxes are currently selling for $4 each. Determine the profit-maximizing quantity Q for this company. A..

  Spend time doing some of their favorite activities

Trade/Opportunity Cost: Pat and Kris are roommates. Outside of the time they spend studying, they spend time doing some of their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to m..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd