Question

Explain why even small changes in the rate of economic growth are significant. Use the “rule...

Explain why even small changes in the rate of economic growth are significant. Use the “rule of 70” to demonstrate the point. Please elaborate

Homework Answers

Answer #1

If you have any doubts regarding this answer please let me know and if you understand it than gives me a thumbs up.

Thank you.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In analyzing the effects of difference in economic growth rate over time, explain why it is...
In analyzing the effects of difference in economic growth rate over time, explain why it is the case that small differences in annual growth rates can result in large differences in the size of economics, using the rule of 70
Explain why changes in the level of interest rates will influence economic growth. Analyze the relationship...
Explain why changes in the level of interest rates will influence economic growth. Analyze the relationship between interest rate changes and consumer's ability to stimulate an economy through spending.
how is economic growth measured? Why is economic growth important? Why could the difference between a...
how is economic growth measured? Why is economic growth important? Why could the difference between a 2.5 percent and a 3 percent annual growth rate be of great significance over several decades? Give some example to support your answer. No hand writting please.
Explain why a small difference in the annual rate of growth can make a big difference...
Explain why a small difference in the annual rate of growth can make a big difference as the decades go by.
2. The theory of economic growth has the golden rule of saving rate. According to the...
2. The theory of economic growth has the golden rule of saving rate. According to the theory, if the savings rate is in line with the golden law, what will be the benefits? If the savings rate is higher than the golden law, what will be the consequences?
Which is (are) TRUE? I. The rule of 70 states that if the annual growth rate...
Which is (are) TRUE? I. The rule of 70 states that if the annual growth rate of GDP per capita is x percent, it will take (70 ÷ x) years for it to triple. II. For most of recorded human history, there was no long-run growth in real per capita GDP. III. Economic growth refers to the growth rate of nominal per capita GDP. II and III only b. II only c. I only d. I and III only 1
Please explain how a higher savings rate may lead to higher economic growth.
Please explain how a higher savings rate may lead to higher economic growth.
4) Explain why rapid growth plans are important to a small company
4) Explain why rapid growth plans are important to a small company
Explain 1-2 paragraph Why Economic growth model assume full employment using solow or romer growth model
Explain 1-2 paragraph Why Economic growth model assume full employment using solow or romer growth model
Explain why less spending and higher taxes would both translate to slower economic growth
Explain why less spending and higher taxes would both translate to slower economic growth