Q: 1. In 1910 the United S of living) was $6,200. 35 years. What woul
A: Economic growth refers to the change in the real value of the output produced in an economy over a…
Q: TURKEY ODP OROWTH RATE ***** CHINA ODP OROWTH RATE 20 15 15 10 10 ........... -5 -10 -15 Jan 2019…
A: An economic growth rate is the percentage change in the value of all of the goods and services…
Q: |75 Su A
A: An economic surplus is when we have more of something in the economy compare to people demand.…
Q: If in Zimbabwe, total sales value is $6000 million and change in stock is $450 million Find the…
A: Value of Output = Value of total sales + Value of change in stock
Q: iage is a Year Expenditures 1 $40,000 2 $45,000 3 $80,000 $280,000 $550,000 6 $750,000
A: Compounding is the interaction by which interest is credited to a current chief sum as well as to…
Q: Year PDB 2015 2016 2017 1200 1230 1290 1300 2018 2019 1500
A: Given data for 5 years Growth rate each year formula = (PDB in year 2016 / 2015) - 1 * 100 =…
Q: Geometric Gradient Given: A = 10,000.00 pesos g = -5.00% i = 10.00% n = 7 years P = ?
A:
Q: • S = - 600 + 0.25Y, I= 400 -1100i • Ms = 1000, Mt = 0.15 Y, Mp = 0.10 Y dan Msp = 200 – 800i %3D •…
A: Introduction The economy is in equilibrium so Ms = Mp 1000 = 0.10 Y So Y = 100010 × 100 Y = 10,000…
Q: Year 1 year2 freat m 800 8000 9o00 F00 70 100 Lobor fonce 770 go0 Pria rpigea $00 WRot was the…
A: Given Year 1 Year2 Output 8000 9000 Employment 700 800 Unemployment 70 100
Q: Pls solve asap........
A: At equilibrium, MPLMPK=wr given, w=256 and r=200.
Q: good i. P =200 - 10Q ii. P =200 - (20/3)Q Select an answer and submit. For keyboard navigation, use…
A: here we calculate the market demand curve by the following method as follow;
Q: If nominal GNP through expenditure approach is $21100 and real GNP is $20000 then calaculca the GNP…
A: Given Nominal GNP = $21100 Real GNP = $20000
Q: Expected Rate of net profits 15% 12 Investment GDP Consumptlon $100 $100 200 300 400 40 160 80 220…
A: Given:- Gross investment=$120 To calculate:- Equilibrium level of GDP=?
Q: Eric Johnson makes billiard balls in his plant With recent increases in his costs, he has a newfound…
A: Change in productivity is the adjustments in the level of productivity which further influences…
Q: Boats Catch MB MSB 100 4. 160 180 160 10 100
A: 1. Let's fill the table above. Boats Catch MB(average catch per Boat) MSB(Marginal Catch per Boat…
Q: ue of 2018 production in 2019 prices and the percentage increase
A: Calculate the CPI using the following formula CPI = Ct/C0 *100
Q: Yeard yeara 800 goo0 Complegment 800 F00 70 100 Goo Lobor fence छुवाजे प्रसे Prica fapigea bnd im…
A: In year 1 unemployment = 70 and labor force is 770. In year 2 unemployment 100 and labor force is…
Q: LRAS SRAS Po- e CE LEVEL (P)
A: Disclaimer : “Since you have asked multiple question, we will solve the first question for you. If…
Q: Assume that a manufacturer of stereo speakers purchases $10 worth of components for each speaker.…
A: Answer to the question is as follows:
Q: When a country's income is PHP20008 you spent PHPL750 When your income changed to PhP4,0008, you…
A: Marginal propensity to consume (MPC) measures the change in consumer spending due to change in…
Q: Find P0? A= 3500 End of Year 30 31 32 33 34 35 36 37 Po = ? i=10%
A: Last 7 Month Annuity = 3500
Q: If exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of…
A: The information being given to us is as follows:- Exports of US = $450 Million Imports of US = $380…
Q: If the value of total receipts is $10,000 and revenue receipts is $3000 Calculate the value of…
A: Capital receipts are those which lower financial assets or generate liabilities. Revenue receipts…
Q: 50 cores CO sumption
A: Equilibrium, Saving function = Investment function
Q: 1. Solar power is a prominent industry in Bangladesh, but it is often limited to the vast array of…
A: Solar energy is an incredible power of good. It can possibly relieve environmental change, lessen…
Q: D. Using the data above, calculate domestic product using the Exper
A: The goods and services final value produced in a year inside the domestic boundary depicts GDP…
Q: a) Obtain the value of x in the equation: 2x + 1 = e3 (b) Consider the following equation: y…
A: (a) 2x + 1 = e3 Taking 1 on LHS to RHS: 2x =e3 -1 Dividing both the sides by 2: x= (e3 -1 )/2 So,…
Q: Solve the following system of equations for a and for b: System of Equations: Value of a Value of b…
A: Given, 9a+3b+30 8a+4b+24
Q: the following expressions: 6) Simplity a) (x^g-xys) (x+}) 6) (a +b)* (a-b} d)(2x+g+zS- 2 e) c(509 -…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 3) If the population of the U.S. per year, in how many years will it double ? (Show Complete and…
A: The population is an important factor that affects the economy, which affects growth. The population…
Q: What is Gross Value Added? What is GVA of banana industry in the Philippines?
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: ear end ash Flow 1 2 3 4 -3,345 1,100 1,100 1,100 1,
A: Assume, CF = Annual cashflow IRR = r n = 4 years
Q: 2) Calculate: a) (-2)* b) - (2*) e) 273 f) 10%. of 125 f) -27% g) (-27)5 3) 125%. of Jo h) 5% of…
A: Simplify the expressions. e) 2713f) -2713g) (-27)13
Q: A manager checked production records and found that a worker produced 225 units while working 50…
A: The information given is as follows:- A manager checked production records and found that a worker…
Q: 1 160 220 270 4 340 450 630 2.
A: TC is the fixed and variable costs of production. AC is the cost per unit of production. It is…
Q: U = x/y U = min{2x, 3y} U = 2x + 4y U = yx +y тіп
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Many Eonorry the producti fUncton is y-KL Derive SS levd of output per ond capital per worker?
A: we have Y=KαL1-α here let savings rate =s and depreciation rate =d so, Per worker production…
Q: From the following data calculate GNP at factor cost by Income Method & Expenditure Method Rs. in…
A: The gross national product at factor cost represents the market value of all goods and services…
Q: estion Completion Status: QUESTION 15 cobert loves eating pizza. He bought flour and used it to bake…
A: 1)Final good of the flour would be for Robert but not for Carmin bakery. Because Robert bought the…
Q: a) Calculate simple index numbers? b) Compute chain indices number taking 1990 as base year Average…
A: The price indexes are used to measure inflation in the economy. It shows how much the cost of goods…
Q: Y =a+ BX+ ei. Solve for a and B
A: According to the Ordinary Least squares (OLS) method, the residual terms (ei) should be minimized to…
Q: What is unit root problem? How does one solve the problem of unit root?
A: Unit root is a measurement unit that helps in determining the stationarity in the time series model.…
Q: The ratio of Consumption to savings is given as 5/3 Calculate the value of savings if the value of…
A: # in the above question we are given the value of income to be as $6000 and we need to calculate the…
Q: When a firm buys a new computer increases, and when the firm gets rid of old computers d O…
A: Computers are bought by the firm so they are not directly used by the end consumer but they are used…
Q: 40000 30000 Winter Summer 20000 10000 o hrs 3 6 9 12 15 18 21 24 Different hours of a day Figure 2…
A: Graphs and pie charts are used to display data in a simple and informative manner.
Q: mpounded annually. What is the present value of the investment?
A: Formula: Present value = future value *(1+I)n Here, I is the interest rate N is the number of…
Q: olve the required (D )
A: Equilibrium exists at the point where, the demand is equal to supply. So, for finding equilibrium…
Q: Worth R 10,000. Find national disposable income for this economy. 00$ 150 CLOLG
A: Generally in the given question, Factor income = 500000 The grants from the rest of the world = 5000…
Q: If value added is $6000 and value of output is $16000 Calculate intermediate consumption
A: According to the above mentioned question, we have:- Value added = $6000 Value of output = $16,000…
Q: A firm produces 550 T.V. sets during its first year. The sum total of the imm's production at the…
A: Production in year 1 = 550 TV units Production in year 5 = 3000 units Now growth rate of production…
Step by step
Solved in 2 steps
- Would you expect capital deepening to result in diminished1etmns? Why or why not? Would you expect improvements in technology to result in diminished returns? Why or why not?Explain what the Industrial Revolution was and where it began.Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the United States grows at 1. For the sake of simplicity, assume they both start from the same fictional income level, 10,000. What will the incomes of the United States and South Korea he in 20 years? By how many multiples will each countrys income grow in 20 years?
- (i) What were the main two components of the gain in labor productivity from 1901 to 2016? What was the proportional contribution of each? (ii) How does ‘capital deepening’ occur? (iii) What causes ‘multifactor productivity’ to increase?Show that, when using a traditional economic production function,doubling our population can double our output if capital stocks alsodouble. Use the production function: Q = AK L , where A representstechnology in an economy, K capital, and L labor. Double K and L andshow that Q also doubles, assuming α=β=1/2. Now show that, when we incorporate natural capital into thediscussion, doubling the population does not increase output in thesame way (since natural capital cannot also grow). Use theproduction function: Q = AK L N , where N is natural capital. DoubleK and L and show that Q less than doubles, assuming α=β=γ=1/3.3.Answer the questions below.a.Explain what “brain drain” isand what are the reasonsfor it.b.Explain what “brain gain” is, by evaluating it in terms of economic development.
- Consider the circular flow model: suppose that businesses buy a total of $220 billion of the four resources (land, labor, capital and entrepreneurial ability) from households. If households receive $120 billion in wages, $24 billion in rent, and $49 billion in interest, how much are households paid for providing entrepreneurial abiltity? A. $360 billion B. $60 billion C. 27 billion D. $100 billion____________ is a term which refers to the widespread use ofpower-driven machinery and the economic and social changes that resulted in thefirst half of the 1800s. a)Industrial Revolution b)Capital deepening c)Living standard d)TechnologyCountry Has Cobb-Douglas production function: Y(it) = A(it) x K(it)1/3L(it)2/3 Where: Y(it) = realGDP K(it) = Capital L(it) = No. workers employed in country (i) on date (t) Suppose multiple countries share the same alpha = 1/3 but different levels of totalfactorproductivity (A(it)). How would one calculate the average annual growth rate of totalfactorprodctivity of each country
- Write out the equation for output growth with capital, labor and total factor productivityas determinants of growth. Suppose that the shares of capital and labor are respectively0 .3 and 0.7. If labor supply grows by 10% what would be the growth rate of outputassuming that there is no change in the other determinants? What would happen to percapita output if labor supply growth is entirely due to population growth?Review Porter’s Theory of Competitive Advantage and assess the extent to which the model canbe used to explain (fully or partially) growth and development in the Caribbean region. Howinline is the model with the views of economic development put forward by Best and Lewis? Limit answer to 200 words(a). Provide a definition of ‘technological capability’ and ‘social capability’ and describe the differences between them. Why can we say that innovation has a ‘systemic’ nature? (b). Financial development, social capital, favourable business regulation, trade openness are different aspects of ‘social capability’ influencing innovation processes and, therefore, economic development. Make a ranking of these factors according to their observed degree of importance for economic development. Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy. (c). Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries. Please answer all the parts of this question.
