This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Briefly explain how growth in real GDP differs across economies including the United States, Japan, ... (Read 143 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
Briefly explain how growth in real GDP differs across economies including the United States, Japan, Africa, Central America, Hong Kong, Korea, and Singapore.
 
  What will be an ideal response?

Question 2

A cost that has already been made and cannot be recovered is called a
 
  A) variable cost.
  B) fixed cost.
  C) sunk cost.
  D) marginal cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

Over the past 100 years, growth in real GDP per person in the United States has averaged 2 percent per year. The growth rate has varied from one period to the next. Some rich nations, such as Japan, are catching up to the U.S. level of real GDP per person. Many poor nations, especially those in Africa and Central America are not catching up. But Hong Kong, Korea, Singapore, and Taiwan are generally growing more rapidly than the United States and so they are catching up.

Answer to Question 2

C


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Wow, this really help

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

The logistic growth model does not describe all populations. The logistic growth model does not describe all populations.
Todaiji temple, Nara, Japan. Todaiji temple, Nara, Japan.
Selected Factors Affecting the Release of Growth Hormone Selected Factors Affecting the Release of Growth Hormone
Ice cores also preserve a record of ice sheet growth and decay Ice cores also preserve a record of ice sheet growth and decay
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Please fully explain in detail Please fully explain in detail
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library