A country will roughly double its GDP in twenty years if its annual growth rate is: Group of answer choices 2.5 percent. 12 percent. 7.5 percent. 3.5 percent
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- Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?Identify 4 public policies that can stimulate employment and facilitate economic growth in an economy.South Africa's economic growth rate in 2018 was percent. percent. The growth rate of real GDP per person in South Africa in 2018 was
- What are three public policies that can facilitate economic growth in a country's economy?Suppose A, B and C are quantities that change over time. It can be shown that if A = BC then the percent growth in A equals the percent growth in B plus the percent growth in C. Suppose that GDP grows at 6% and population grows at 2%. Then what percent does GDP per person grow at?With three economies, each of which has a GDP per capita of $100. Trend growth in these economies is 2%, 2.5%, and 5% respectively. Calculate GDP per capita for each economy after 5,10,20,50, and 100 years.
- GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies. Group of answer choices 2000 1970 1980 1990 1960A. How is economic growth measured? B. Why is economic growth important? C. If a country's economy grows at an average rate of 14 percent per year, how many years would it take to double?How can an increase in government spending boost economic growthand reduce unemployment in South Africa?
- What are four public policies that can facilitate economic growth in a economy?you are appointed by a congressional task force to recommend at least two economic policies that will result in long-term growth. What do you recommend, and why?Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market? Explain your answer.
