Measure long-term economic growth of a country

Assignment Help Business Management
Reference no: EM131296709

We measure long-term economic growth of a country based on it's GDP (Gross Domestic Product). I feel like the key determinants of long-run economic growth consists of growth in education, inflation, and investment in capital. I feel that saving can lead to only short term economic growth but still has an important role in economic growth as well as an increase in productivity. As education becomes more vital and grows within a country, this benefits the country on a broader scale enabling the country to grow on an economic scale. Economic growth and productivity go hand in hand being that the more productivity increases the more the economy can grow. Productivity is what is being put in and the growth of the economy is basically the outcome of productivity. The major source of growth in labor productivity would be physical capital. The more tools available the quicker and more efficient can products be made.

Reference no: EM131296709

Questions Cloud

Compare t- dependent and t - independent antigens : Compare T- dependent and T - independent antigens. Then, using this information, explain why a gram- negative infection such as Klesiella is more likely to kill a 1 year old toddler than it is to kill an adult
Discrimination for firms is the use of coupons and rebates : One method of price discrimination for firms is the use of coupons and rebates. Firms are basically allowing consumers to self-identify their respective price elasticities of demand for a product.
Categories of goods or services : The question asked which 2 categories of goods or services had the greatest price increase for the month?
Should twitter start charging individual users for usage : Should Twitter start charging individual users for usage? Discuss the pros and cons of charging individual users,
Measure long-term economic growth of a country : We measure long-term economic growth of a country based on it's GDP (Gross Domestic Product). I feel like the key determinants of long-run economic growth consists of growth in education, inflation, and investment in capital.
Change of percentage rate in the gdp : We measure the long-term economic growth of a country by the change of percentage rate in the GDP. The key determinants of long-run economic growth are elements of productivity, labor force participation, and demographic changes.
Explain the four phases of demographic transition : Describe the demographic transition model and how it was developed by demographers. Describe the 4 phases of demographic transition.
Stock options to performance targets : The Wall Street Journal ("Boards Tie CEO Pay More Tightly to Performance," 2/21/06, p. A1) reports an increase in the number of major U.S. corporations that tie the CEO's stock options to performance targets.
Provide examples of the life cycle assessment : A growing number of companies use life-cycle assessment to better understand the costs and benefits of various actions and to improve management decisions.- Provide examples of the life-cycle assessment your organization is focused on.

Reviews

Write a Review

Business Management Questions & Answers

  National differences in consumer behaviour

Despite being globally branded, Unilever still tweaked the Dove campaign from nation to nation. Explain why did it do this? Illustrate what does this tell you about national differences in consumer behaviour?

  Morally right action by business executive

Give an example from your own experience or research an article or the media in which a business executive did something of significance that is morally right.

  Current global business situation amp effect on us economy

current global business situation amp effect on u.s. economy and businessin light of all the global changes struggles

  Describe the big five personality traits

Describe the Big Five personality traits and explain how they are relevant to organizations. What is the difference between an internal and external locus of control? How would this affect employers and employees?

  Explaining decision-making model

Briefly describe your experience in using the three decision-making models as applied to this scenario.

  Explain the company can complete final assembly

Explain The company can complete final assembly of the tractor-trailers at the rate of 10,000 a week and The tractor and truck bodies are purchased

  Question related to public revenue

What public revenue source do you consider particularly equitable and effective and what level of government does that revenue authority reside?

  Work breakdown structure scope and pert evaluation of email

work breakdown structure scope and pert evaluation of email upgradescenarioyour organization has just completed the

  Organizational development techniques

An organization that you have either worked at or are familiar with, address the Change Process to include - Organizational Development Techniques used in managing change

  The statement of cash flow

What format did walmart use to present the statement of cash flow.

  Explain what is whistleblowing

Explain What is whistleblowing and How does it relate to ethics also How does it relate to the law?

  Corporation in reference to current global affairs

As a US heavy and outsized air cargo carrier, what are the three most important challenges facing this corporation in reference to current global affairs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd