Why might high levels of inequality lead to power rates of growth and development? Why might it be difficult to get out this kind of trap?

Q: Do you think that all of today’s developing nations will complete the demographic transition and…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: How should a guaranteed income system be built as part of a pro-development socio-economic policy?

A: Economic decisions depend on prospective and current financial condition, in consideration with…

Q: Which institutional design would you say is more suitable for economic growth: a majoritarian or a…

A: Economic Growth: Economic growth occurs when the production of goods and services increases as…

Q: Education seems to be important for human capital deepening and thus economic growth. As people…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: How can an increase in government spending boost economic growth and reduce unemployment in South…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: The view of economic philosophy (economic philosophy) states that development is freedom…

A: Poverty is measured by contrasting a household or family's income with a set poverty edge or least…

Q: What is the relevance of productive and allocative efficiency to the economic growth process?

A: The process by which a country's wealth increases over time is known as economic growth. Although…

Q: 2. Why might high levels of inequality lead to lower rates of growth and development? Why might it…

A: Growth and development are inter-related. However, high levels of growth may not necessarily lead to…

Q: What are four public policies that can facilitate economic growth in a economy?

A: Using public policy wisely helps to increase the economic growth of a country.

Q: why would removing a trade restriction,such as a tariff , lead to more rapid economic growth?

A: The trade is, in some ways, a type of technology that can stimulate the same kind of economic growth…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: How sustainable is economic growth?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Education seems to be important for human capital deepening. As people become better educated and…

A: Human capital refers to the stock of skills and knowledge that workers acquire through education and…

Q: how does endogenous growth theory explain economic growth

A: Neoclassical growth model: - Neoclassical growth model was first given by Robert Solow and Trevor…

Q: Through what mechanism could strong economic growth lead to political stability?

A: The increased in investment would raise economic growth. On other hand, Political instability is…

Q: What are the barriers to development? If development is so difficult, why do nations undertake it?

A: The development is the condition when there would be an increase in income and the per capita income…

Q: Does social mobility boost economic growth?

A: Social Mobility : The social mobility can be explained as the movement of individuals, families,…

Q: How significant an issue is this for the countries studied?  Consider the implications of income…

A: Economic inequality can be quantified in a variety of ways, the most common of which are the income…

Q: What were other sources of economic growth besides slavery?

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: you are appointed by a congressional task force to recommend at least two economic policies that…

A: To enhance the long term economic growth, one can use the expansionary monetary and fiscal policies.…

Q: What are three policies governments can use to promote economic growth? And how effective would they…

A: Economic growth refers to the increase in the output generated by the means of increase in the…

Q: When does underdevelopment takes place in a country's economy? What is their worst scenario/or the…

A: Development is a term used in the economics to signify improvement in the standard of living of…

Q: Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty…

A: Economic growth is defined as an increase in production of the goods and services compared from one…

Q: How might inequality lead to faster growth or development? How might it lead to slower growth or…

A: The rise in inequality levels leads to transferring of income to higher-saving households being at…

Q: Does social capital improve economic development? Using the available evidence to support your…

A: Social capital is the mutual trust and other values that individuals in society share and live…

Q: How does each variable in the production function reflect economic prosperity for a nation?

A: Answer in step 2

Q: How is inequality related to development? What relationship can be seen among the two variables…

A: Inequality: The inequality can be defined as the situation when individuals do not possess the same…

Q: What is relationship between corruption in a country and economic growth?

A: Corruption:- Corruption can be explained as the misappropriation of influence or authority through…

Q: Why Are the Factors of Production Important to Economic Growth?

A: Increases in the production of products and services from one period to the next are referred to as…

Q: How

A: In economics, fertility rate is one of the factors that influence the economic growth as it provide…

Q: How does poverty and inequality affect the development of a country?

A: Poverty:- Poverty is defined as a lack of sufficient funds to cover fundamental requirements such as…

Q: How does economic growth reduce poverty?

A: Economic Growth : The economic Growth can be defined as an increase in the production of goods and…

Q: Wha

A: Barcodes are the business standards being used for the visual capture of information in business and…

Q: How is fertility related to population growth?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: What is the Demand growth rate?

A: Economic growth can be defined as growth in the output of total goods and services produced in an…

Q: List the variety of policy tools available to government for increasing the rate of return for new…

A: The investment in new technology leads to a rise in the level of production with a fixed amount of…

Q: What are three public policies that can facilitate economic growth in a country's economy?

A: The Gross Domestic Product (GDP) is the summation of the final value of all the final goods and…

Q: What are the ways in which a government policymaker can try to raise the growth in living  standards…

A: Economic growth means the consistent rise in GdP over per of time in a year . GDP or GNP is the…

Q: how relevance are dependency theories today in explaining the development processes and relationship…

A: In economics, the theory of dependency is a concept to understand the underdevelopment of an economy…