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- What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?What strategies did the East Asian Tigers employ to stimulate economic growth?An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?
- What other factors, aside from labor productivity, capital investment, and technology, impact the economic growth of a country? How?Explain how an economy can achieve sustainable economic growth and analysethe different methods of measuring economic growth?Look at the hypothetical data below:Real GDP per capitaNigeria $1,000Mexico $8,000China $15,000United States $33,000Fact is, changes in income over time explains economic growth of a country. Using two sources of growth, account for the large differences in income per capita across these countries?e. Discuss three policies governments can use to promote economic growth.