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QUESTION 1 Economic growth is a necessary, but not a sufficient condition for economic development in a country. True or False? Justify your answer by comparing through an example of an Asia-Pacific economy (compare between indonesia and china) over 2000-2010 period. As a guideline, use GDP Growth (Annual %) from WDI as an indicator for economic growth and the Human Development Index (HDI) from UNDP as data indicators. Remember to interpret each of these data indicators in your country context. You may use either tables or charts to explain your answer (but not both) QUESTION 2 Refer to the table below that provides data on Gross Domestic Product (GDP) per capita in 2009 and answer the following question: What are the possible reasons that could explain the significant difference between GDP per capita measured at official exchange rates and that measured at purchasing power parity (PPP) for developing countries (for example, China, Vietnam, India) compared to developed countries (for example, US, UK, Japan) in the above table? QUESTION 3 If GDP in an economy grows at 4% annually, and capital stock and labour force at 3.5% and 1.5% respectively, with share of capital in national income being 25% and in labour 75%, calculate the Total factor Productivity (TFP) growth rate and interpret it, using a standard growth accounting framework. QUESTION 4 Go tohttps://info.worldbank.org/governance/wgi/sc_chart_print.asp on the web and select your chosen Asia-Pacific economy (INDONESIA) from the top left menu. Then create a table of Governance indicators for your country for the years 2002 and 2011. Based on this table, answer the following questions: i) Which of the governance indicators have improved over 2002-2011? ii) What are the possible reasons behind this improvement? iii) Which of the governance indicators have deteriorated over 2002-2011? iv) What are the possible reasons behind this deterioration?
maren has the utilityfunction uc1c2c1ac21-a where 01 maren has income m1 and m2 in respectively periode 1 and periode
1. use the numbers to answer the following questionsincomespending0120004000036000a what is autonomous spending?b what
In Example 9 in Sect. 13.6.2, it was shown that to achieve a balanced budget, cutting government expenditures by 30 % from $125 to $87.5 billion must be accompanied by raising the marginal tax rate from 10 to 14.15 %. Show how the required tax rat..
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
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Explain how McGregor's Theory Y assumptions can create self-fulfilling prophecies consistent with the current emphasis on participation and involvement in the workplace. How do ethical dilemmas complicate the workplace
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A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
you are the oil minister of one of 5 key opec countries. the world demand for oil can be reduced to q 100 - p and
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