Practice Questions on growth and social systems, mathematical growth models, and wealth and poverty

  1. The number of telephone subscribers is growing most rapidly in poor countries with competitive telephone industries. It is growing least rapidly in countries with state-run telephone monopolies. Is this consistent with what you have studied so far about growth? Explain

  2. Many Internet businesses have failed. What does this say about the Internet as a catalyst for economic growth?

  3. In an economy with a depreciation rate of 4 percent (.04), population growth of 2 percent, a savings rate of 30 percent, and growth in the efficiency of labor of 1 percent,

  4. What evidence exists to show that poverty is decreasing?