The statement is True. According to the Solow growth model, all countries will converge toward the same level of GDP per worker if given enough time.
GDP can be calculated by way of including up all of the cash spent via customers, corporations, and the authorities in a given duration. it could also be calculated by using including up all of the money received by means of all of the members inside the financial system. In both cases, the number is an estimate of "nominal GDP."
Gross home product is the economic degree of the market cost of all the final items and services produced in a selected time period by using international locations. due to its complicated and subjective nature, this degree is regularly revised earlier than being considered a dependable indicator.
GDP isn't a measure of “wealth” in any respect. it's miles a measure of income. it is a backward-searching “go with the flow” measure that tells you the cost of goods and services produced in a given duration within the past. It tells you nothing about whether you could produce the same quantity again the subsequent yr.
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Protect and provide
The concept of government as provider comes next: government as provider of goods and services that individuals cannot provide individually for themselves. Government in this conception is the solution to collective action problems, the medium through which citizens create public goods that benefit everyone, but that are also subject to free-rider problems without some collective compulsion.
The basic economic infrastructure of human connectivity falls into this category: the means of physical travel, such as roads, bridges and ports of all kinds, and increasingly the means of virtual travel, such as broadband. All of this infrastructure can be, and typically initially is, provided by private entrepreneurs who see an opportunity to build a road, say, and charge users a toll, but the capital necessary is so great and the public benefit so obvious that ultimately the government takes over.
A more expansive concept of government as provider is the social welfare state: government can cushion the inability of citizens to provide for themselves, particularly in the vulnerable conditions of youth, old age, sickness, disability and unemployment due to economic forces beyond their control. As the welfare state has evolved, its critics have come to see it more as a protector from the harsh results of capitalism, or perhaps as a means of protecting the wealthy from the political rage of the dispossessed. At its best, however, it is providing an infrastructure of care to enable citizens to flourish socially and economically in the same way that an infrastructure of competition does. It provides a social security that enables citizens to create their own economic security.
The future of government builds on these foundations of protecting and providing. Government will continue to protect citizens from violence and from the worst vicissitudes of life. Government will continue to provide public goods, at a level necessary to ensure a globally competitive economy and a well-functioning society. But wherever possible, government should invest in citizen capabilities to enable them to provide for themselves in rapidly and continually changing circumstances.
Not surprisingly, this vision of government as investor comes from a deeply entrepreneurial culture. Technology reporter Gregory Ferenstein has polled leading silicon Valley entrepreneurs and concludedthat they “want the government to be an investor in citizens, rather than as a protector from capitalism. They want the government to heavily fund education, encourage more active citizenship, pursue binding international trade alliances and open borders to all immigrants.” In the words of Alphabet Chairman Eric Schmidt: “The combination of innovation, empowerment and creativity will be our solution.”
This celebration of human capacity is a welcome antidote to widespread pessimism about the capacity of government to meet current national and global economic, security, demographic and environmental challenges. Put into practice, however, government as investor will mean more than simply funding schools and opening borders. If government is to assume that in the main citizens can solve themselves more efficiently and effectively than government can provide for them, it will have to invest not only in the cultivation of citizen capabilities, but also in the provision of the resources and infrastructure to allow citizens to succeed at scale
Answer: A predominantly percussion ensemble featuring drums, gongs, cymbals, and/or metallophones; wide tuning with audible beats; use of a five-note mode; and thick, busy textures.
Explanation:
Another name for a pilgrim might be devotee
Answer:
The correct answer to the following question will be "In-camera effects".
Explanation:
An in-camera influence would be any special feature produced in a picture or film purely by the use of methods there and on the camera and its components.
This effect is characterized by the assumption that somehow the effect occurs on the photo or graphic film of the initial camera before it has been sent or changed to a laboratory.
Therefore, the In-camera effect is the right answer.
