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    [u03a1] Unit 3 Assignment 1

    Growth: Economic Analysis 2


    This assignment examines national economics, economic growth, and financial crisis. There are four parts to this assignment. Please be sure you have completed all four parts before submitting.



  • Consider a nation in which the volume of goods and services is growing by 5 percent per year:
    • Analyze the impact of the high rate of growth on the nation.
      • Predict how the high rate of growth might affect the power and influence of the national government relative to other nations experiencing slower rates of growth.
      • Predict how the 5 percent growth might affect living standards in the nation.
        • How does economic growth affect population growth?
        • Will living standards necessarily grow by 5 percent, given population growth?

    Part II

    • Use the concepts of gross investment and net investment to explain the differences between an economy that has a rising stock of capital and one that has a falling stock of capital.
    • Explain how it is impossible for gross investment to be less than zero, even though net investment can be positive, negative, or zero. What real-world examples can you provide?

    Part III

    • Analyze the economic disparities among countries.
      • Explain why some countries are much poorer than other countries.
      • Based on what you know and have learned about macroeconomic principles, are poorer countries destined to always be poorer than wealthy countries?
        • If so, explain why.
        • If not, explain how poorer countries can catch up to or even surpass wealthy countries.

    Part IV

    • Explain how, in general, a financial crisis can lead to a recession.
    • Explain how, in general, a major new invention can lead to an economic expansion.

    Organize your assignment logically with appropriate headings and subheadings.

    Additional Requirements

    • Include a title page and reference page.
    • Include 3–4 pages, not counting title page and reference page.
    • Use at least three scholarly or professional resources.
    • Use APA format for citations and references.
    • Set your assignment in Times New Roman, 12 pt., double spaced.