Growth is a significant economic goal. Explain
Growth is a significant economic goal. Explain?
Expert
Growth is an significant economic goal because it means more and more material abundance and ability to meet the economizing problem. Growth decreases the burden of insufficiency.
The arithmetic growth is imposing. Using the “rule of 70,” a growth rate of 2% annually would take 35 years for GDP to double, but a growth rate of 4% annually would only take about 18 years for GDP to double. (The “rule of 70” uses the absolute value of a rate of change, divides it into 70, and the result is the number of years it takes the underlying quantity to double.)
Question: 1. Nancy is taking a course in Fairy Tales from Professor Grimm and another in Philosophy from Professor Par. In each course there will be two exams, a midterm exam and a final exam. In Professor Grimm's
Define the Legal forms of businesses?
XY School District has a large number of students in need of remedial instruction. The superintendent of XY School System can allocated her budget between purchasing X units of remedial instruction at a price of $2,000/unit and spending an amount ($Y) on all other sch
How do you account for the dominant role of corporations in the U.S. economy?
Elucidate an example of simultaneous changes in both supply and demand?
Explain the volume and pattern of U.S. and World Trade?
Why businesses are not really “free” to produce what they wish?
Elucidate Participants in international trade of U.S. and World Trade?
I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie
need urgent help in business economics, please suggest
18,76,764
1933550 Asked
3,689
Active Tutors
1418089
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!