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Teaching Since: | Apr 2017 |
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Questions Answered: | 12843 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
1. Country A has economic growth of 1.5% per year while country B has economic growth of 2.5% per year. How long will it take for income to double in each country? Use the Rule of 72. (2 points)
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2. Which country is experiencing higher growth per capita? Country A whose economy is growing at a 9 percent rate and whose population is growing at a 7 percent rate or country B whose economy is growing at a 2 percent rate and whose population is declining at a 1 percent rate? (2 points)
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3. Explain the role that globalization plays in the structural stagnation hypothesis. (2 points)
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4. As India and China move up the value added chain, how will the effect of globalization likely change on US workers?Â
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