Explain the historical difference between the economic growth in
England and that in the United States....
Explain the historical difference between the economic growth in
England and that in the United States. What were the major causes
of economic growth in each nation? What were the similarities and
differences?
_______ serves as the most direct indicator of
economic growth in the United States.Multiple choice answers a) The unemployment rate.b) Gross domestic product (GDP)c) The industrial production index.d) None of these is correct.
Four themes of "An economic history of the United States":
long‐run economic growth
distributional issues
economic fluctuations
the scale and scope of government in the economy.
How would you apply it to US past, present, future?
Identify the 5 main sources of economic growth for the United
States. Include a discussion of the recent revised International
trade contracts with North America and Japan. Worth 20 points.
Although the economic growth of the United States in the gilded
age has been attributed to individual hard work and a government
policy of laissez faire, it was in fact encouraged and sustained by
direct government intervention.” Assess the validity of this
statement
1. How is economic growth measured? Why is economic growth
important? Why could the difference between a 2.5 percent and a 3
percent annual growth rate be of great significance over several
decades?
2. What are the effects of budget deficit and budget surplus on
the market for loanable funds? How are these effects called?
Explain the mechanism.
3. “Whenever currency is deposited in a commercial bank, cash
goes out of circulation and, as a result, the supply of money...
Explain the economic changes in northern states of the United
States in the early 1800s. How did industrialization, urbanization,
the market revolution, and the transportation revolution change
America? What were its effects on society and culture?