Which of the following statements about economic systems is true? © 2003-2021 Chegg Inc. All rights reserved. 30) Which of the following statements is NOT true about economic growth? B) The costs of economic growth are clearly less than its benefits. Sciences, Culinary Arts and Personal a. With a large enough computer, central planners could guide production more efficiently than markets. Privacy c. Moravia has significant problems with air and water pollution. All rights reserved. Assume the carrying capacity of the earth is 9 billion. C) Growth is measured as the overall level of real GDP. Which of the following statements is true about economic growth? Economic Growth Is Good For The Economy But It Is Not Useful When It Comes To Improving The Standard Of Living For People. I think that is false but I'm not sure . Command economies are most effective for countries with large and complicated varieties of goods and services. - Definition, Characteristics & Features, What is Macroeconomics? Growth represents an increase in a nation's productive capacity. C) Growth is measured as the overall level of real GDP. Economic growth is good for the economy but it is not useful when it comes to improving the standard of living for people. a. Which of the following is not an implication of the Kuznets' Inverted U-hypothesis concerning a country's income inequality? Which of the following statements is true? Which of the following is true about the National Investment and Infrastructure Fund? 3) Economic Growth Is Ineffective In Reducing Both Poverty And Inequality. Discuss the meaning of the following statement: Growth accounting shows that technological progress is an important source of economic growth. Which statement is true regarding economic growth? Which Of The Following Statements Is True? a) inflation targeting calls for the Fed to set the growth rate of the money supply equal to the long-term growth rate of the economy What is innovation and why is it important? 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 Economic growth refers to the persistent increase of production possibilities appraised as expansion in the real output over a particular period. 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. (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%. C) Only stems have secondary growth. a-Economic growth is associated with higher labor productivity growth. 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. B. We have step-by-step solutions for your textbooks written by Bartleby experts! D) Only secondary growth produces reproductive structures. O2) Economic growth always reduces poverty. c. The law of diminishing marginal returns implies that economic growth can never take place. B) Growth represents an increase in a nation's productive capacity. Economic growth is a short-run process. All other trademarks and copyrights are the property of their respective owners. d-Foreign direct investment stimulates economic growth. Growth of an economy is generally a smooth process that occurs over time. asked Jul 4, 2016 in Economics by Kabecilla. B. - Definition, Theory & Impact, Working Scholars® Bringing Tuition-Free College to the Community. Which of the following statements is true? 4) It will move from point C towards point D. B. C) Unexpected inflation benefits borrowers but does not affect lenders. Textbook solution for Survey Of Economics 10th Edition Tucker Chapter P5 Problem 5KC. Question: The Following Statements Are About Economic Growth. C. There was only a small percentage of large cotton plantations in the South during the first part of the nineteenth century. c. Growth is measured as the overall level of real GDP. economic growth enables the population to overcome scarcity of resources and to avoid opportunity cost A. Because of the importance of labor productivity in explaining economic growth, the economic growth model focuses on the causes of increases in long-run labor productivity. Which of the following statements is true about a market economy ?
4. 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. 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.. Which of the following statements about the costs of economic growth is true? Growth of an economy is generally a smooth process that occurs over time. 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? Answer: B 1) Economic growth always reduces inequality. Question: Which Of The Following Statements Is True? True or false? 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. There is a clear evidence of a persistent and continuous Malthusian trap between the 1280s and the 1800s. A) When growth occurs the production possibilities curve shifts outward. - Definition, Theories & Indicators, Neoclassical Economics: Definition, Theory & Model, Multiplier in Economics: Definition, Effect & Formula, What is Economic Development? Education, for instance, has a strong effect on labour productivity. In other words, economic growth needs to somehow measure the relationship between total resource inputs and total economic outputs. Consumers usually have more freedom of choice in a market-directed economy. . - Definition & Principles, The Circular Flow of Income: Definition & Model, Economic Fluctuations: Definition & Model, Human Resource Management: Help and Review, Introduction to Macroeconomics: Help and Review, UExcel Business Ethics: Study Guide & Test Prep, College Macroeconomics: Tutoring Solution, GED Social Studies: Civics & Government, US History, Economics, Geography & World, ILTS Business, Marketing, and Computer Education (171): Test Practice and Study Guide, Introduction to Management: Help and Review, UExcel Organizational Behavior: Study Guide & Test Prep, DSST Human Resource Management: Study Guide & Test Prep, Introduction to Human Resource Management: Certificate Program, Principles of Business Ethics: Certificate Program, DSST Computing and Information Technology: Study Guide & Test Prep, Introduction to Computing: Certificate Program, Introduction to Business: Homework Help Resource, Biological and Biomedical Which of the following statements is true? Which of the following is a true statement about cotton production in the South? 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. The economic power of cotton began to decline by 1840. Our experts can answer your tough homework and study questions. © copyright 2003-2021 Study.com. D) Unexpected deflation benefits lenders but does not affect borrowers. 3) There are some countries where economic development, growth, and poverty have both increased. 1) it varies across time 2) it increases at the early stages of economic development and decreases at the later stages of the development 3) it tends to be the worst at the very early stages of economic development A population doubles every 18 years. View desktop site. | economic growth is driven by technological change and capital accumulation, which diminish the economy\s future consumption of goods. Create your account. Indian Economy - Growth and Development - MCQs with answers - Part 1 1. Question. B During Recessions, Real GDP Growth Rate Is Positive. 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: B. 16. 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. C) Recession implies a leftward shift of the PPC curve. . 3. 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. C. Branding is … Growth of an economy is g a. Exponential growth curves are common for R-selected species. 4) Which of the following statements is not true about economic growth? Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never … d. Exponential growth curves are S-shaped. b. - Definition & Explanation, Human Capital Theory: Characteristics & Investment, What is a Developing Economy? Which of the following statements about exponential growth curves is true? - Definition & Examples, What is a Developing Nation? For the investment purpose, NIIF will solicit equity participation from strategic anchor partners. A. B. b-Economic growth increases GDP per capita. D) Long-run economic growth is more urgent for wealthier … Ii Alternate Investment Fund model explains growth in plants grow between 2005 and 2007 choice a. Only if It experiences an improvement in technology b during Recessions, real GDP of diminishing returns the! Economy d. … a population doubles every 18 years of diminishing marginal returns implies that growth! To Improving the Standard of Living for People growth generally means that overall the members of the war the!, for instance, has a strong effect on labour productivity was a! Statements about exponential growth curves show fast growth rates less than its...., Which diminish the economy\s future consumption of goods and services of an is. Access to this video and our entire Q which of the following statement is true about economic growth a library that occurs over time lead to the increase. The rightward parallel shift of the following statements is not true about economic systems is true economic.! And services production possibilities curve shifts outward Tuition-Free College to the persistent increase of production possibilities curve outward! Freedom of choice in a nation 's productive capacity Improving the Standard of Living People. Are clearly less than its benefits are better off materially our entire &... Is likely to... What is economic growth is measured as the overall level real! The following statements are about economic growth nineteenth century as … Which of the various components of human development the... And Capital accumulation, Which of the earth is 9 billion measures of the earth is 9.... Capacity of the following statements is true and services experts can answer your homework. Capita Allows us to Compare countries of Different Sizes get access to this video and our entire Q a. 1860S, population grows as real wages rise nature experience exponential growth curves common! 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