Chapter 29: Problem 1000
It is often claimed that one of the beneficial results of growth has been the abatement of poverty. Why do some anti-growth economists challenge this claim? How do mainstream economists reply?
Chapter 29: Problem 1000
It is often claimed that one of the beneficial results of growth has been the abatement of poverty. Why do some anti-growth economists challenge this claim? How do mainstream economists reply?
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What is the rule of \(72 ?\)
Most discussions of growth focus on the supply aspect of growth. Explain how unemployment due to lack of demand for goods can affect growth.
In highly centralized, socialist countries, the government can decide directly how much capital accumulation there will be. In capitalist countries, the government can only influence the rate of capital accumulation indirectly. Describe some measures the government of a capitalist country can take if it wants to increase the rate of capital accumulation.
If a mature economy could grow only by capital accumulation or population growth, which would be preferred? Why?
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