The difference in between a 2.5 percent and also a 3 percent annual growth rate over number of decades might be the difference in between output doubling in ____ year (2.5 percent growth) and ____ year (3 percent growth).

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According to economic historians, contemporary economic growth an initial happened in ____ once Scottish inventor ____ ____ perfected a an effective and efficient vapor engine.
What are the qualities of the significant institutional structures that kind the structure for modern economic growth?They ____ saving and also investment, promote the development of brand-new technologies, and also ensure that ____ flow effectively to the most productive uses.
Not constantly destined come be poor as lock can build the suitable institutions to capture up v wealthier countries
The quality and also quantity of person resourcesThe level that technologyThe share of capital goodsThe quality and also quantity of herbal resources
Suppose that Alpha and Omega have actually identically size working-age populations however that annual hours of occupational are much better in Alpha than in Omega. This could happen because
Omega"s labor pressure is underemployed or Omega workers place a higher value on leisure than those in Alpha
Rearrange the following contributors come the development of productivity in descending bespeak of your quantitative importance: economic climates of scale, amount of capital, improved resource allocation, education and training, and technical advance.
Technological advance, amount of capital, education and also training, economic situations of scale, and improved resource allocation
Technological advance, i beg your pardon to date has played a reasonably small function in U.S. Economic growth, is destined come play a an ext important function in the future. True or False?
There is a nearby relationship between changes in a nation"s rate of performance growth and also changes in its mean real hourly wage because if mean real hourly wage and also output every worker is ____, climate the amount of output obtainable per capita for workers to buy will certainly be cultivation so an ext can it is in purchased.
Recent efficiency acceleration has actually been ____ influenced by information technology because it connects info in all components of the civilization with details seekers.
Recent performance acceleration has actually been ____ affected by information economic climates of scale due to the fact that expanding production has a really ____ marginal cost.
Recent productivity acceleration has been ____ influenced by network effects, which is a kind of ____ economy.
Recent productivity acceleration has been ____ influenced by global competition, i beg your pardon has increased market possibilities for both consumers and producers.

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The services of financial growth, specifically as measured by real GDP per capita, include ____ living criter for the vast majority of people.
Which that the following ideal describes the prices of economic growth, particularly those measure up by genuine GDP every capita?
Economic development has not fixed sociological troubles such as poverty, homelessness, and also discrimination
Countries that at this time have low genuine GDPs every capita room destined to always have reduced living standards than countries that right now have high real GDPs every capita. True or False?
Identify each of the following situations as something the either promotes growth or retards growth.Increasing corruption permits government officials to steal people"s homes
Identify every of the following situations as something that either promotes growth or retards growth.A country introduces patent regulations for the an initial time
Identify each of the following cases as something that either promotes expansion or retards growth.A court stimulate shuts down all banks permanently
Identify every of the following situations as something the either promotes expansion or retards growth.A bad country extends free public schooling from 8 years to 12 years
Identify each of the following situations as something the either promotes expansion or retards growth.A nation adopts a free-trade policy
Identify every of the following cases as something that either promotes development or retards growth.A previously communist nation adopts complimentary markets
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