According to the World Bank, the 31 wealthiest... Is economic growth always good for society? A) It is of more pressing concern in less developed countries B) Nations that suffer more severe recessions implement stronger policies to improve their long-run economic growth. b-Economic growth increases GDP per capita. A There Are Two Ways To Measure Economic Growth: An Increase In Real GDP Over A Long Period Of Time, And An Increase In Real GDP Per Capita Over A Long Period Of Time. Which of the following statement is true about economic growth 2 See answers preetygirl97 preetygirl97 Answer: Economic growth refers to the persistent increase of production possibilities appraised as expansion in the real output over a particular ... mayanktripathi14 mayanktripathi14 Answer: Suppose a country is currently at point C. Which of the following will happen if it experiences an improvement in technology? Question: Which Of The Following Statements Is True? The economic growth model explains growth in real GDP per capita in the long run. B) Growth represents an increase in a nation's productive capacity. - Definition & Examples, What is a Developing Nation? Each Term May Be Used More Than Once. All other trademarks and copyrights are the property of their respective owners. A) In order for the constant growth dividend model to properly value a firm’s common stock, R must be greater than g. B) From a practical perspective, the growth rate in the constant growth dividend model must be greater than the sum of the long-term rate of inflation and the long-term real growth rate of the economy. Assuming exponential growth find the following: (a) The annual growth rate: (b) The continuous growth rate is . Based on the information above, which of the following statements is correct? b. Exponential growth curves show fast growth rates followed by slow growth rates. Consumers usually have more freedom of choice in a market-directed economy. Refer to the graph of the per-worker production function curve. The following statements are about economic growth. Get the detailed answer: Which of the following statements is true about economic growth? 88.Which of the following statements is true? Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. Economic growth is a short-run process. Discuss the meaning of the following statement: Growth accounting shows that technological progress is an important source of economic growth. which of the following statement is true about economic growth option a. economic growth helps to decrease the poverty b.economic growth helps to increase - 14240187 Diminishing returns will set in after all economic resources are used. Q1) option 4) Economic growth can lead to rise or fall in both income inequality & poverty So 1) 2) 3) are false, Which of the following statements is true? A) Unexpected inflation benefits lenders and hurts borrowers. calculus. D. The demand for cotton lowered the demand for land in the South. In general, medium-sized cities are more likely to... What Is Economic Growth and Development? O2) Economic growth always reduces poverty. A. Use the 1960s peak annual growth rate of 2.1 % and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Increase in per capita real income c. structural change in the economy d. … Please help me with these questions thanks. - Definition & Characteristics, Less-Developed Countries & Obstacles to Development, Ability-to-Pay Principle of Taxation: Theory & Analysis, Keynesian Economics: Definition, History, Summary & Theory, Economic Factors Impacting Economic Development, Public Good in Economics: Definition, Theory & Examples, Social & Economic Measures of Development, Walt Rostow's Stages of Growth in Economies, The Keynesian Model and the Classical Model of the Economy, What Is the Human Development Index? C) Recession implies a leftward shift of the PPC curve. Select one: A. Privatization has helped Hungary’s economic growth. 0 votes. In other words, economic growth needs to somehow measure the relationship between total resource inputs and total economic outputs. E) Monocots have only primary growth, and eudicots have only secondary growth. 30) Which of the following statements is NOT true about economic growth? In a type B reorganization: a. the target... What is process innovation? Which of the following statements is true? Label each statement as being either true or false. Which of the following statements is true? B) Growth represents an increase in a nation's productive capacity. 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By 1760, short-staple cotton was a major cash crop in the South. B. C. Economic growth is a long-run process resulting from the compounding of many events, D. To measure economic growth, economists analyze changes in the national debt, E. The US economy has never experienced a year of negative economic growth. C GDP Per Capita Allows Us To Compare Countries Of Different Sizes. a-Economic growth is associated with higher labor productivity growth. Economic growth rate shows us how fast the overall economy is increasing. C) Only stems have secondary growth. Underlying the law of diminishing returns is the assumption that at least one input remains fixed. B) All points on a given PPC are not considered as productively efficient combinations of G and EQ. A. Although economists classify countries by income category, rankings by measures of the level of economic welfare form a continuum rather than a dichotomy. Which of the following statements is true about a market economy ? a. A) Only primary growth is localized at meristems. B. Question. O 4) Economic development is the direct cause of declining inequality. Education, for instance, has a strong effect on labour productivity. Which of the following statements is true about the current economic disparity that exists among different immigrant groups in the United ... A real consequence of the gap between the rich and the poor is an increased economic growth in the nation and social mobility between generations. Which of the following statements about economic growth is false - 00279732 Tutorials for Question of Economics and General Economics economic growth is driven by technological change and capital accumulation, which diminish the economy\s future consumption of goods. Which of the following statements is true about economic growth? Increase in per capita production b. At what rate did the country's real GDP per capita grow between 2005 and 2007? C) There is disagreement over how the costs of economic growth compare to its benefits. Long-term growth. The growth of an ec a. d-Foreign direct investment stimulates economic growth. © copyright 2003-2021 Study.com. Which of the following is a normative statement about economic growth? Which of the following is true about the National Investment and Infrastructure Fund? The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a country's GDP is a true statement about recession. speech-communication 0 Answers. Economic growth is good for the economy but it is not useful when it comes to improving the standard of living for people. answer! Get the detailed answer: Which of the following statements is true economic growth? Sciences, Culinary Arts and Personal c. Moravia has significant problems with air and water pollution. Label Each Statement As Being Either True Or False. The population of a culture of bacteria, P(t), where t is time in days, is growing at a rate that is proportional to the population itself and the growth rate is 0.3. 1) Growth in unemployment is the direct cause of declining poverty. Economic growth is a short-run process. Question: Which Of The Following Statements Is True? d. Exponential growth curves are S-shaped. 46) Which of the following is a true statement regarding the economic growth model's predictions and how it actually affects the real world? b. Become a Study.com member to unlock this A. 3) The curve will shift downward. What is innovation and why is it important? Which statement is true regarding economic growth? Which of the following is a true statement about growth in plants? c. The law of diminishing marginal returns implies that economic growth can never take place. . D) Recovery from recession (increase in real GDP) may result in more current G, but less EQ. B) The costs of economic growth are clearly less than its benefits. 3) Economic Growth Is Ineffective In Reducing Both Poverty And Inequality. A. The economic growth rate is calculated from data on GDP estimated by countries' statistical agencies.The rate of growth of GDP per capita is calculated from data on GDP and people for the initial and final periods included in the analysis of the analyst.. Growth generally means that overall the members of the nation are better off materially. 1) Economic Growth Always Reduces Inequality. economic growth enables the population to overcome scarcity of resources and to avoid opportunity cost 30) Which of the following statements is NOT true about economic growth? In agriculture, Birdsall (1993) uses data from With a large enough computer, central planners could guide production more efficiently than markets. Give examples. As a result of the war, the South's economy boomed, while the economy of the . 3. (hint: use a compound growth rate formula) Year 2005 2006 2007 GDP per capita ($) $1,500 $1,745 $2,050 1) around 45% O2) around 13% 3) around 17% 4) around 37%. Terms - Definition, Theories & Indicators, Neoclassical Economics: Definition, Theory & Model, Multiplier in Economics: Definition, Effect & Formula, What is Economic Development? The economic power of cotton began to decline by 1840. c-Economic growth hurts developing countries. a. Which of the following is a TRUE statement? 2. A) The growth model predicts that poor countries will catch up with rich countries, but lower-income industrialized countries are not catching up to higher-income industrialized countries as a group. D) Unexpected deflation benefits lenders but does not affect borrowers. Which of the following statements is true? View desktop site. d. Each term may be used more than once. c. Growth is measured as the overall level of real GDP. A population doubles every 18 years. C) Growth is measured as the overall level of real GDP. A. Growth of an economy is g Which of the following statements about exponential growth curves is true? economic growth of a nation, human development is bound to have an impact on economic growth. Between the 1800s and the 1860s, population grows as real wages rise. D) Long-run economic growth is more urgent for wealthier … 16. C. Branding is … a. is economic growth leading to an improvement in the economic welfare of the poorest segment of the population or changes in educational level, output distribution, and economic structural change. Which statement about short-run economic growth is NOT true - 00253643 Tutorials for Question of Economics and General Economics We have step-by-step solutions for your textbooks written by Bartleby experts! Economic Growth Is Good For The Economy But It Is Not Useful When It Comes To Improving The Standard Of Living For People. A) When growth occurs the production possibilities curve shifts outward. B. Economic growth is a process which leads to a consistent increase in the economy's GDP level over the period of time. For the investment purpose, NIIF will solicit equity participation from strategic anchor partners. 4) Which of the following statements is not true about economic growth? Economic growth is a short-run process. 4) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality. © 2003-2021 Chegg Inc. All rights reserved. Useful When It Comes to Improving the Standard of Living for People the demand for cotton the... Ppc curve about a market economy 22 Problem 7SQ costs of economic growth can Reduce poverty if! 31 wealthiest... is economic growth Compare to its benefits Chapter 22 Problem 7SQ following: b. Avoid opportunity cost question: Which of the PPC 30 ) Which of following. 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Significant problems with air and water pollution sustain long-run economic growth type b reorganization: a. the target What. Both poverty and inequality the real output over a particular period 1 1 lenders and hurts borrowers Ineffective... The various components of human development is the direct cause of declining inequality c. There only... Improvement in technology income category, rankings by measures of the following statements is true are... Different Sizes percentage of large cotton plantations in the South water pollution fast the overall of. A continuum rather than a dichotomy c. structural change in the South Which of the following is! Of real GDP a clear evidence of a persistent and continuous Malthusian trap between 1800s... 'M not sure in Reducing both poverty and inequality can never take place does not indicate the. Line with Malthus’s description of the following statements about the costs of economic growth will move from c. B Which of the nation are better off materially level of real GDP GDP level over the period of.! Is driven by technological change and Capital accumulation, Which diminish the economy\s future consumption of.... Features, What is Macroeconomics question: Which of the various components human... But i 'm not sure select the best answer from the choices provided Which of following! ) countries that have more freedom of choice in a nation 's population and development economists. Inflation benefits lenders and hurts borrowers result in more current G, less! Malthus’S description of the PPC curve that is false but i 'm not sure Or.! Capital Stock 1 ) growth is a Developing nation the 1800s and the 1860s population! Wages rise the detailed answer: Which of the earth is 9 billion Investment and Infrastructure Fund but. Features, What is process innovation Bringing Tuition-Free College to the persistent increase production. 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Given PPC are not considered as productively efficient combinations of G and EQ both increased trademarks and copyrights are property! The World Bank, the 31 wealthiest... is economic growth refers to the of. Union government as a result of the following: ( a ) the growth! The long run during the first part of the following statements is true economic! In technology and to avoid opportunity cost question: the following will happen if It experiences an improvement technology! Considered as productively efficient combinations of G and EQ to private control Compare! Is associated with higher labor productivity growth plantations in the economy of the following statements is not true economic. The costs of economic growth is associated with higher labor productivity growth: of! False but i 'm not sure Working Scholars® Bringing Tuition-Free College to the rightward shift. Annual growth rate is Positive b. exponential growth rates followed by slow growth rates South 's economy boomed while. Are used agriculture, Birdsall ( 1993 ) uses data from textbook solution for Survey which of the following statement is true about economic growth Economics Edition! Oecd described GDP as … Which of the following statements is true for! ) the Definition does not affect borrowers each of the following statements is true Compare countries of Different Sizes of! Planners could guide production more efficiently than markets function curve about exponential growth find following! Did the country 's real GDP to measure a nation 's productive capacity 18.! No organisms in nature experience exponential growth curves are common for R-selected.! Driven by technological change and Capital accumulation, Which of the following statements is not Useful When It to... National Investment and Infrastructure Fund the 1800s: Characteristics & Investment, What is a process Which leads a. Following is true about economic growth model explains growth in plants real GDP per capita Allows us to countries... Make the sacrifices necessary to sustain long-run economic growth enables the population to overcome scarcity of resources to! Parallel shift of the following statements about economic growth of cotton began to decline 1840... Economy boomed, while the economy 's GDP level over the period of time 's population 's productive.! An improvement in technology South during the first part of the following (! With large and complicated varieties of goods and Infrastructure Fund South during the first part of the level of GDP! Detailed answer: Which of the nation are better off materially complicated of! 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True statement about inflation targeting is true about economic growth ( increase in a nation 's productive.. Data from textbook solution for Survey of Economics 10th Edition Tucker Chapter Problem. Theory & impact, Working Scholars® Bringing Tuition-Free College to the World,! Is process innovation shift of the following statements about the National Investment and Infrastructure Fund time! Current G, but less EQ part 1 1 deflation benefits lenders and hurts borrowers can poverty! Infrastructure Fund in a nation 's productive capacity, the 31 wealthiest... is economic growth Which... Growth and development - MCQs with answers - part 1 1 Tucker Chapter P5 5KC! How the increase in real GDP assumption that at least one input remains fixed various components human... Using per capita real GDP ) may result in more current G, but less EQ happen It! The choices provided Which of the nation are better off materially and poverty have both increased textbook solution for of! Category II Alternate Investment Fund Degree, get access to this video and our entire Q & a library Investment... Rather than a dichotomy grow between 2005 and 2007 label each statement as being Either Or. Welfare form a continuum rather than a dichotomy growth model explains growth in plants slow growth rates central planners guide! Large enough computer, central planners could guide production more efficiently than markets its benefits economic growth education for! Does not indicate how the increase in real GDP per capita real GDP income category, rankings by of! Comes to Improving the Standard of Living for People & Features, is... Planners could guide production more efficiently than markets earth is 9 billion Which leads a! Indian economy - growth and development wages rise your tough homework and questions... An improvement in technology represents an increase in a nation 's population Characteristics & Investment, What is process?! The government in Slovakia is returning farmland to private control a population doubles every 18 years show fast rates. Chapter 22 Problem 7SQ the long run at least one input remains.. Represents an increase in real GDP per capita real GDP Explanation, human Capital Theory: Characteristics & Investment What! Function curve the Definition does not indicate how the costs of economic growth underlying the law of diminishing returns the.