Chapter 7: Q.10 (page 186)
What are the "advantages of backwardness" for economic growth?
Short Answer
The backward countries' growth rates are higher than the developed countries.
Chapter 7: Q.10 (page 186)
What are the "advantages of backwardness" for economic growth?
The backward countries' growth rates are higher than the developed countries.
All the tools & learning materials you need for study success - in one app.
Get started for freeDescribe some of the political and social tradeoffs that might occur when a less developed country adopts a strategy to promote labor force participation and
economic growth via investment in girls’ education.
For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita?
What about a middle-income country such as Brazil? A low-income country such as Niger?
How much should a nation be concerned if its rate of economic growth is just 2% slower than other nations?
As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they are combined?
What do you think about this solution?
We value your feedback to improve our textbook solutions.