Chapter 9: Q.9.3 (page 189)
Describe how immigration and property rights influence economic growth
Immigration and property rights influence economic growth in the development of the workforce, human and actual capital arrangement in a country etc.
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Based on data in Table 9-1 and the rule of 70 , if U.S. per capita real GDP continues to grow at the average rate it has experienced since 1990 , about how many years will be required for it to double?
Why do you suppose that nations with higher degrees of measured distrust of strangers tend to observe lower rates of economic growth, other things being equal?
Brazil has a population of about million, with about million over the age of . Of these, an estimated percent, ormillion people, are functionally illiterate. The typical literate individual reads only about two nonacademic books per year, which is less than half the number read by the typical literate U.S. or European resident. Answer the following questions solely from the perspective of new growth theory:
a. Discuss the implications of Brazil's literacy and reading rates for its growth prospects in light of the key tenets of new growth theory.
b. What types of policies might Brazil implement to improve its growth prospects? Explain.
Since the early s, the average rate of growth of per capita real GDP in Mozambique has been percent per year, as compared with a growth rate of percent in China. Refer to Table . If a typical resident of each of these nations begins this year with a per capita real GDP of per year, about how many more dollars' worth of real GDP per capita would the person in China be earning years from now than the individual in Mozambique?
Based on data in Table and the rule of , if India's per capita real GDP continues to grow at the average rate it has experienced since , about how many years will be required for it to double?
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