The number of telephone subscribers is growing most rapidly in poor countries with competitive telephone industries. It is growing least rapidly in countries with state-run telephone monopolies. Is this consistent with what you have studied so far about growth? Explain

Many Internet businesses have failed. What does this say about the Internet as a catalyst for economic growth?

In an economy with a depreciation rate of 4 percent (.04), population growth of 2 percent, a savings rate of 30 percent, and growth in the efficiency of labor of 1 percent,

• What is the growth rate of capital per worker that will keep the economy on a balanced growth path? What will be the growth rate of output per worker?

• What is the capital-output ratio along the balanced growth path?

What evidence exists to show that poverty is decreasing?