“An economy which does not have a strong manufacturing infrastructure cannot continue to make required investment on itself. An economy that grows only by service sector means that it is built on sand.” Sony Member and CEO Akia Morito 1992. Do you agree with Akia Morito’s idea?

Q: The capital that is consumed by an economy or a firm in the production process is known as

A: When can say that in simple word capital is referring to all those things which are usually created…

Q: GDP

A: GDP is final value of godds and services produces within the geographic boundaries of a country…

Q: What is Adam Smith’s view on “accumulation of wealth”?   What does he say “must be done with the…

A: According to adam smith, the needs of an individual lead to a self-interest behavior that creates…

Q: Show how consumption and savings evolve in an economy that starts with a level of capital well above…

A: Solow Growth Model is defined as a model which solely focuses on economic growth of a nation in the…

Q: Indicate whether the following statement is TRUE or FALSE and explain your answer: ‘Consider three…

A: The gross domestic product (GDP) is a metric for calculating a country's economic output. The Gross…

Q: The magazine Women of China reported that Chinese women in big cities spent 63% of their income on…

A: full employment is the situation where economy operates at potential capacity and uses the resources…

Q: Which of the following will NOT lead to an increase in real GDP?   A. On average, people in a…

A: Real GDP is the money value of goods and services at constant prices that are produced within the…

Q: Suppose land increases by 20% and the number of employed workers increases by 25% in country A.…

A: To explain the long-run impact of the drivers of economic growth, Solow growth model shows the…

Q: The table provided shows the amount consumers of a country spend on five items and the percentage…

A: Total expenditure is the multiplication of price and quantity. It means as the price rises then the…

Q: Question b The output level on a AD/AS graph when all factors of production are being used is called…

A: The link between the total quantity of production demanded (measured in real GDP) and the price…

Q: How does competition between capitals necessitate accumulation?

A: Capital accumulation (also termed the accumulation of capital) powers that further the pursuit of…

Q: im taking a macroeconomics course and we are working on free graphs I need some help writing a…

A: Real GDP is the worth of goods and services generated by an economy in a given period that has been…

Q: Productivity often rises during economic expansions and falls during economic recessions. Can you…

A: The productivity measures the output for each unit of input such as capital, labour.it is the main…

Q: Is the purchase of equipment or machinery a part of consumption or investment?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: Is the purchase of equipment or machinery a part of consumption or investment? Why?

A: The concept of allocation of money with having an expectation in the future of a positive return or…

Q: 7. On January 12th 2010 a devastating earthquake with a magnitude of 7.3 struck Haiti. As a result,…

A:

Q: Suppose the production function in an economy is Y = K0SL0.5, where K is the amount of capital and L…

A: Y = K0.5L0.5K = 25L = 25

Q: In economics, which of the following is not considered capital? Equipment Stocks and bonds Offices…

A: Answer : stocks and bonds

Q: a)Distinguish between investment and capital, b) Explain the difference between an invention and an…

A: The economic activities and several other options of an economy are based upon certain components…

Q: Suppose that the table below shows an economy's relationship between real output and the inputs…

A: Given input and real output of the economy Productivity = Real output / inputs

Q: Which of the following is an example of capital as a factor of production? Group of answer choices…

A: The capital is considered as the factor of production. Capital raises the productivity of labour and…

Q: Assume that we have a Cobb-Douglas type aggregate production function in the form: Y = Ka.Lb  a.…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Barcode technology spurred a lot of investment in retailing.How did it alter the retailing…

A: Answer - Need to find - Affect on he retailing production function and  would a similar amount of…

Q: Fill in the missing values in the table below.

A: Real gdp= Nominal gdp/ price index Nominal gdp =Real gdp× price index Price index = Nominal gdp/Real…

Q: When do we reach equilibrium output?

A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at a…

Q: briefly discuss break even investment

A: Break even point refers to the point where investment starts making positive return.

Q: 1. In the Malthusian model, suppose that the quantity of land increases. Using diagrams, determine…

A: A Malthusian growth model, often known as a basic exponential growth model, is simply exponential…

Q: If the MPC is .75 and disposable income is $100, then

A: Marginal Propensity to Consume ( MPC) refers to the increment in one's consumption expenditure when…

Q: In the long run, what happens to consumption in the economy when people are saving less?

A: Saving is vital for economic growth. As saving acts as supply of loanable funds. The funds that are…

Q: If the population of a country grows and increases both the labor force and the demand for…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Use the Solow-Swan diagram to show the impact of an increase in human capital on GDP, both in the…

A: Solow-Swan model is an economic growth model.