Question

In: Economics

Which of the following economic growth patterns have benefited both the Gulf Coast and North Texas?

Which of the following economic growth patterns have benefited both the Gulf Coast and North Texas?

Solutions

Expert Solution

As we know that half of the seafood US consumes comes from the Gulf cost. It provides employment to large section of the coastal residents. They earn a good deal of income from the fish trade. Texas on the other hand is the maritime state. Texas is as diverse in terms of industry, culture and geography as it is big - each region, county and city has something unique to offer. From energy to health care, aerospace and information technology etc activities are done in Texas. Some of the major industries in the state of Texas include petroleum and natural gas, farming, steel, banking, and tourism. Most of these industries require postsecondary training, although the amount of education needed depends on the specialization.

As we know Texas records the higest growth rate of 4 % over the year 2020. The economy of Texas is the second largest in the United States.Texas would be the 10th largest economy in the world by GDP (ahead of South Korea and Canada).

The correct option is (c).

Hope you got the answer.

Kindly comment for further explanation.

Thanks!


Related Solutions

South Korea and Argentina have experienced remarkably different economic growth patterns over the course of the...
South Korea and Argentina have experienced remarkably different economic growth patterns over the course of the 20th century. What do these two countries tell us about the economic growth rates of rich and poor countries? Do the experiences of these two countries differ from other countries with similar income levels? Why or why not? What roles might institutions have played in the economic growth or decline of these two countries?
Several Gulf Coast states most notably Florida but also AL and TX have started artificial coral...
Several Gulf Coast states most notably Florida but also AL and TX have started artificial coral reef programs off of their coasts. From your knowledge of the structure of coral reefs and their requirements to establish describe what is involved in starting and artificial reef and given the bottom characteristics along the Gulf Coast why these steps are necessary. Also explain why states like Mass. Washington, and Maine have not started similar programs.
Which of the following is NOT an argument against economic growth? Group of answer choices Growth...
Which of the following is NOT an argument against economic growth? Group of answer choices Growth may deplete resources. Growth is often inequitable. Growth has negative environmental impacts. Growth leads to an expansion of power.
What factors have shaped the growth patterns of Latin America?
What factors have shaped the growth patterns of Latin America?
Which of these encourages economic growth?
Which of these encourages economic growth?
Many regions along the coast in North and South Carolina and Georgia have experienced rapid population...
Many regions along the coast in North and South Carolina and Georgia have experienced rapid population growth over the last 10 years. It is expected that the growth will continue over the next 10 years. This has motivated many of the large grocery store chains to build new stores in the region. The Kelley’s Super Grocery Stores Inc. chain is no exception. The director of planning for Kelley's Super Grocery Stores wants to study adding more stores in this region....
Many regions along the coast in North and South Carolina and Georgia have experienced rapid population...
Many regions along the coast in North and South Carolina and Georgia have experienced rapid population growth over the last 10 years. It is expected that the growth will continue over the next 10 years. The director gathered the following sample information. Family Food Income Size 1 $3.84 $73.98 1 2 4.08 54.90 2 3 5.76 53.20 4 4 3.48 52.02 1 5 4.20 65.70 2 6 4.80 53.64 4 7 4.32 79.74 3 8 5.04 68.58 4 9 6.12...
Which of the following is likely to lead to economic growth in the long term? A)...
Which of the following is likely to lead to economic growth in the long term? A) funding for colleges and grants to students in higher education B) legal fees for contract negotiations C) printing new money
Which resource is likely to have contributed to South Korea's rapid economic growth?
Which resource is likely to have contributed to South Korea's rapid economic growth?
Based on the institutional approach to economic development and​ growth, which of the following would not...
Based on the institutional approach to economic development and​ growth, which of the following would not be stressed as important in determining a​ country's ability to raise its per capita​ GDP? Monetary stability B. Foreign aid C. A​ well-developed, honest judicial system D. Curtailing corruption
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT