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. 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?
3. Explain the role that globalization plays in the structural stagnation hypothesis.
4. As India and China move up the value added chain, how will the effect of globalization likely change on US workers?