Explain the long run growth?

Q: Answer: In the long run, [ Select ] ; growth rate of capital per worker [Select ] [ Select] ; growth…

A: to express the model in the per-worker form: We have to divide both sides of the given equation for…

Q: explain economic in 19th century

A: At the starting of the 19th-century classical economics is dominated. this theory concerned itself…

Q: what is micro?

A: Economics is the study of choices in the case of scarcity that means some decisions are made such as…

Q: Come up with a long answer to answer this question.  What is the role of the industrial sector in…

A: The industrial sector is viewed as a leading sector of economic development. We can have economies…

Q: Explain the long run growth?

A: Long-run growth refers to the sustained rise in commodities and services produced in the economy. It…

Q: Growth that is independent of any factors in the economy is growth. a) endogenous O b) random c)…

A: In an economy, economic growth is explained in different ways according to the contribution of…

Q: Explain how entrepreneurs and other innovators further technological advance.

A: The market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: Which of the following answer is correct ? Factor of production: getting a loan through a local…

A: The inputs which are needed to produce a good or a service are known as factors of production. They…

Q: What is productivity? Describe the factors of productivity.

A: Productivity is the ratio of output to input which are used in the process of production. It is the…

Q: I got this statement somewhere. It is the definition of Solow Growth. But, it was quite confusing,…

A: The solow growth model mathematical model that analyzes the short run and long run economic growth.

Q: population affects long-run real wages and economic growth #Graph and explanation

A: At the point when the GDP development is just brought about by expansions in populace (not…

Q: Why is it that an agricultural economy like India is rich but the average Indian is poor? Answer…

A: The following problem has been solved as follows:

Q: What is the 4th industrial revolution? As a fresh graduate, why is it important to know what it is?…

A: 4the industrial revolution has been characterized by the massive use of Artificial intelligence. The…

Q: Draw the business cycle and label each phase and stages and explain

A: The market value of all final goods and services produced in the economic territory of the country…

Q: HO ARE ENTREPRENEURS?

A: We live in a world where there is diversity and innovative minds all around. People of different…

Q: What are the current productivity trends in Australia?

A: Productivity refers to the economic term that defines the ability of a firm to use all of its input…

Q: 24 Economic growth in the long run. Another theory explaining economic growth is the Endogenous…

A: Given  Production function : Y=AK Savings rate = s Depreciation rate of capital = δ

Q: Demand management policies do not matter for growth in the long run as long as there is productivity…

A: Demand Management coverage  The economic and economic coverage controls are referred to as the…

Q: entrepreneurs are

A: Entrepreneurs are those individuals who start a business by taking various types of risks. They are…

Q: Explain the concept of rate of return?

A: The rate of return, expressed in terms of percentage, can be defined as the net gain or loss on the…

Q: Different between micro and macro

A: Micro economics involvesSupply and demand in individual markets.Individual consumer behaviour. e.g.…

Q: (c) Explain TWO reasons for productivity slow down.

A: Productivity slowdown occurs because Capital and labor may not be efficient enough for the…

Q: Question 35 Which of the following will cause a reduction in output per worker in the long run? A)…

A: The economics as a study is based upon the idea that the economies, or societies have a limit to the…

Q: Which of the following is an example of technology as the responsible determinant of productivity in…

A: Productivity of labor is the output that is obtained by per unit use of labor. Every nation focused…

Q: In economics, How might productivity be measured for each of the following industries ? a.…

A: The measure that depicts how efficiently inputs are being converted into outputs by companies,…

Q: Why is R&D a key factor in productivity improvement? Name some ways R&D contributes to productivity…

A: R&D (Research and Development) is an important factor necessary for growth of every economy…

Q: What is Capital in terms of business?

A: The use of the word 'capital' in business is often different from the colloquial usage of the word.…

Q: capitalism

A: Capitalism represents the economy having full power in hand of producers or investors. They work…

Q: How does the division of labor increase productivity?

A: According to Adam Smith Division of labor is the concept where the task is divided in to different…

Q: Discuss what is meant by the long run in economics. When does the long run occur?

A: A long run is a span of time during which a manufacturer or producer can make manufacturing…

Q: The price of capital is ------------------------

A: Factors of production are classified into land, labor, capital and entrepreneurship.

Q: Give Some examples of different types of productivity measures?

A: The output produced per unit of input is called the productivity. Some of the different types of…

Q: Why are institutoins the key to economic growth?

A: An institution is nothing but an organization that is working in an economy for a religious,…

Q: What is the difference between short-run and long-run in economics?

A: The long-run and the short-run time period is different for different industries. Such as, for a…

Q: What is the Demand growth rate?

A: Economic growth can be defined as growth in the output of total goods and services produced in an…

Q: Kindly explain the process of "Booms and Busts" and give an example.

A: In an economy, boom refers to the situation when people make too many economic activities in the…

Q: What is the difference between micro and macro inventions in the industrial revolution, in Allen's…

A: The conceptualization of macro-and micro inventions has educated a lot regarding the new…