ECON1020 Tutorial 2 Long-Run Economic Growth Chapters 5 & 6 Submission due 6am‚ Monday 23rd of March. Question 1 If we boost productivity‚ we can improve economic growth Tony Abbott (Australian Prime Minister) (a) What is labour productivity? (b) Assuming Mr Abbott was talking about labour productivity‚ discuss this meaning of this quote. Do you agree with it? (c) According to the economic growth model presented in the textbook‚ what are the two key factors which determine labour productivity?
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Africa – Part 1 Does trade promote growth in developing countries? Empirical evidence from Nigeria Oluwasola Omoju 1*‚ Olumide Adesanya 2 1 2 National Institute for Legislative Studies‚ Abuja‚ Nigeria Department of Business Administration University of Lagos Akoka-Yaba‚ Lagos‚ Nigeria Abstract This paper examines the impact of trade on economic growth using in Nigeria as a case study. Theoretical postulations assert the positive effect of trade on economic growth‚ but empirical evidences are inconclusive
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produced by the gland. The pituitary gland controls many hormones including the growth hormone. A case with hypopituitarism could have symptoms that involve blood pressure‚ blood sugar‚ kidney function‚ sexual drive and multiple other things not just stunted growth‚ versus a growth hormone deficiency that would only affect growth. Symptoms of Growth Hormone deficiency in children include the following: Short stature‚ low growth velocity (speed) for age and pubertal stage‚ increased amount of fat around
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policies that governments have put in place‚ yet have ultimately failed to control the population in its chosen direction. For instances‚ Singapore‚ between 1960s and 70s had an anti-natalist policy in place. However‚ as economic prospered and population growth rate fell‚ it adopted a pro-natalist policy the target set at increasing population by 40% in 40 years. With a replacement rate of only 1.006 in 1975 action was needed. It introduced many campaigns that aimed to promote marriage; in this case incentives
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IMPACTS OF POPULATIONS GROWTH Introduction Undoubtedly‚ the population growth is one of the most influential social issues in the recent years. As the earth’s population rises‚ the changes in different aspects‚ environmental‚ global economic and political‚ affect our individual life. Technology and advances in medicine have dramatically increased the average human’s life span. However‚ the important questions are that what impacts the growth of population has on you‚ how to get ready and adapt
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this is "Natural Human Growth Hormone" As we grow‚ our body faces a major physical change which consists of both positive and negative effects which directly affects us on our living. Growth of human hormones is one of the most important factors which devalue on as we become older. The process of aging is directly related to human growth‚ which is created by a pituitary gland‚ the master gland of the endocrine system. The human growth hormones play a vital role in the development of our body
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PUBLIC EXPENDITURE AND ECONOMIC GROWTH WHAT IS PUBLIC EXPENDITURE? MEANING: Public expenditure refers to Government expenditure i.e. Government spending. It is incurred by Central‚ State and Local governments of a country. Spending by government ‚ municipality‚ or any local authority. It covers things such as health‚ education or social services and is funded by tax revenue. It is one of the element that make up aggregate expenditure. Government spending or government expenditure is classified
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Outline Comments Topic: How culture affects economic growth. TS1: The first aspect of culture that affects the economy is people’s way of life. TS2: People’s values can also influence a country’s economy. Thesis: Economy can be affected both in positive and negative way depending upon the culture of each country. TS1: Culture is the thing to define the way of living of people in each country. SP1.1: Economy can be affected by people way of living. (eg. How people consume things and services
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Pakistan Economic Growth (2000-2010) A: Agriculture: “Agriculture growth rate over the last seven years: Table 1.1: Agriculture Growth (Percent) Year Agriculture Major Crops Minor Crops Livestock Fishery Forestry 2003‐04 2.4 1.7 3.9 2.9 2.0 ‐3.2 2004‐05 6.5 17.7 1.5 2.3
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Describe and explain the simple Harrod-Domar Growth Model and its relevance to India’s Five Year Plans. The Harrod -Domar growth model goes on to explain the relationship between economic growth‚ which is the level of savings and capital in terms of productivity required. This is widely used in developing countries. This model was developed independently by Roy Harrod and Evsey Domar in 1940. This model is based on real life happenings which can be observed like not all people that live do work
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