) Given the two human population age structures shown on the right which population is most likely at or near equilibrium? population A population B both populations a. b. C.
Q: What does human capital theory assume?
A: Human capital hypothesis is a hypothesis of profit, one of the significant determinants of…
Q: 8. The final stage of the demographic transition is marked by a. high birthrates and high death…
A: The birth rate signifies the number of offspring born in population during a span of time. It is…
Q: How best would you decipher the difference between human capital, social capital, economic capital…
A: Capital in economics matters incorporates substantial resources, for example, apparatus and gear…
Q: Enumerate and explain briefly the characteristics of each stage of the demographic transition…
A: The population growth can change due to the change in the per capita income. According to the…
Q: Demographic transition is a social, economic, cultural but not necessarily a scientific phenomenon.…
A: B. True, False
Q: The below graph shows the optimal level of human capital acquisition for a 20-year old. On the same…
A: Human capital is an intangible asset or quality which is not listed on a company's balance sheet. It…
Q: 4.9 Going to Law School at the Age of 50. Although we might admire someone who decides to attend law…
A: The profit is maximized at the point where the marginal revenue is greater than the marginal cost.
Q: The below graph shows the optimal level of human capital acquisition for a 30-year old. On the same…
A: Human capital is an intangible asset or quality which includes qualities like an employee's…
Q: How does the demographic transition develop
A: Demography refers to the concepts and methods used to examine human populations.
Q: 5. According to Malthus, population increases by progression of which kind? A. O Systematic B. O…
A: "Correct option is C i.e. Geometric."
Q: 1. The Gini coefficient gives a measure regarding ___________. a. the level of relative inequality…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Select all that apply Which of the following are accurate statements about recent trends in the…
A: In the United States, it can be said that the the income of the rich and poor people shows a…
Q: What determines growth in (post-Kaleckian) models? What are the effects of inequalities in…
A: *Answer: Introduction Post-Keynesian models Post-Keynesian theory of demand discuss the principles…
Q: How does demographic transition theory explain population patterns in terms of technological…
A: A theory called the Theory of Demographic Transition explains how changes in the birth and death…
Q: Which of the following concepts best describe ‘social capital’? (a) Skills and qualifications.…
A: 'Social capital' refers to shared values, ideas, information and opportunities, along with trust in…
Q: Intergenerational equity” is the idea of fairness between the generations. Covid-19 has been called…
A: The global economy suffered due to COVID-19. GDP of every economy faced contraction and entered into…
Q: Below shows the schematic diagram of the circular flow of income. The functioning of the free-market…
A: The economics as a study takes into account the scarcely available resources, as the resources in…
Q: Why is the typical American today more than 10 times richer than thetypical American a century ago?
A: The US economy is now the leader in the capitalist economies around the world. The growth and…
Q: Please define the concepts of gender by exemplifying its different aspects of gender inequalities…
A: Gender is defined as an economic, political and social attribute and opportunity that is associated…
Q: The question am asking is based on the capabilities approach developed by A. Sen. My question is Why…
A: Human development refers to improvement in quality of life and reduction in inequalities. Following…
Q: What are the advantages and disadvantages of Stationary Population? Discuss it from the economic and…
A: Since the end of the nineteenth century, the world has been experiencing a demographic transition.…
Q: What stage is Turkey in the demographic transition model? (Draw and explain by using 5 stages of…
A: The demographic transition model allows the country to identify what stage of growth the country is…
Q: Human Capital Theory
A: Human capital theory emphasis on the development or up-skilling of the of the human capital. This in…
Q: Refer to the demographic transition model below to answer the three questions that follow.…
A: Demographic transition refers to the transition of the society from high birth rate and high death…
Q: This is an extremely simple human capital accumulation problem. Let ℎ? denote human capital of…
A: Given, the production function of the firm. The human capital function is also given. The following…
Q: The labor force is made up of all people who are at least 16 years old and are capable of working.…
A: (Q) The labor force is made up of all people who are at least 16 years old and are capable of…
Q: Which statements are TRUE? 1. Personal income is the income that is eventually spent or saved by…
A: Here, all the given statements explain economic terms and economic activities that an economy may…
Q: Define the term Structural Causes of Poverty?
A: Structural poverty can be defined as the poverty which arises due to the designed structure of the…
Q: Generally, countries which have higher average years of education per individual have ______. a.…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: 2).Do you think it likely that attempts to reduce income inequality would reduce people's incentives…
A: 2) Economic inequality is defined as the gaps in wealth and income that exist in a society. Apart…
Q: Let ht denote human capital of generation t (i.e., human capital of people born in year t). Suppose…
A: Production of goods requires both capital and labor. An industry using more labor is called a…
Q: 1) Given the two human population age structures shown on the right, which population is most likely…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: If the number of employed workers fell to 150 million and the working-age population increased to…
A: A person is said to be in employment if he working at prevailing wage rate . And if person can't…
Q: How does a human capital investment in education increase your lifetime earning
A: Human capital investment in education helps in increasing the lifetime earning.
Q: 2. Which of the following is FALSE? none of these are false Poor Americans have more living space,…
A: Here, the primary concept behind the given statements is the poverty in America.
Q: Why is the analysis in terms of the variables per effective unit of worker more useful than the one…
A: The availability of capital is crucial for raising level of productivity and economic growth. The…
Q: 3. In Country X, the mid-year population at time 1 was 20,000,000 and the mid-year population at…
A: Migration refers to the movement of people from one place to another with an aim of getting better…
Q: What determines growth in post-Kaleckian (post-Kaleckian) models? What are the effects of…
A: On the other hand, post-Keynesian financial affairs are a collection of financial expectations…
Q: According to existing general labor
A: New creation value created by worker in two pair of shoes are 6
Q: Convergence of the income gap has been most dramatic between Select one: O a. South America and the…
A: Convergence means that countries with low per capital incomes should grow at a faster rate than…
Q: According to World Bank (2012), in Ethiopia, the poorest 20 percent of population received 9.3…
A: Answer: Given, Data of Ethiopia: Share of poorest 20% in income = 9.3% Share of richest 20% in…
Q: It is argued that as a result of growing dependency on government's welfare programmes, marginal…
A: The government welfare scheme provides assistance to the poor, with services such as health…
Q: Education, better skill, training and good health are examples of physical capital True/False
A: # All the man made goods which are the building blocks in the production process are called physical…
Q: Discuss the validity of the following statement: “Given the clear predictions provided by economic…
A: Empirical Economics publishes high-quality studies that bridge the gap between economic theory and…
Q: output per capita, Ye/Lt Exercise 7.2 (Endogenous Fertility). The figure shown below, which is taken…
A: We are going to understand improvement in Solow model to capture endogeneity of population growth…
Q: Problem 4 Assume that total output is determined by the formula: Total Output = Number of Workers…
A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…
Step by step
Solved in 2 steps
- Consider an overlapping generations model. Suppose population grows at a 2% rate, and wage grows at a 6% rate. Generation 2 has 500 people, who have an average salary of $30,000, and everyone pays 8% of their income to generation 1. What is the total amount generation 2 pays to generation 1? If generation 3 pays generation 2 the same dollar amount gen-eration 2 paid generation 1, what percentage of their income dothey pay?TFR and Birth Rates:a. Define the crude birth-rate and the total fertility rateSuppose country A and B have are identical in their population size andstructure, and rate of mortality, but A has a higher average TFR than B.b. What could be some of the reasons why A has a higher fertility ratethan B?c. What will be true about the size and age structure of the population in Arelative to B in 25 years? Will the proportion of young people to oldpeople be higher or lower in A?d. Now suppose the governments of both A and B impose a one-child policy(the TFR was greater than 1 in both A and B). Suppose the policy is fullyenforced (i.e. all families indeed have one kid). Is the fertility rate thesame in A and B? Is the birth rate same in A and B?e. Is the population growth rate higher or lower in A?f. As more time passes, the population growth will eventually slow down inboth countries. What will happen to the proportion of old in the populationas population growth slows down?Why does the country’s population continue to increase (in number) despite government’sefforts to control it? explain 3 sentences only.
- How did John Stuart Mill and Karl Marx respond to the claims made by Malthus' law of population?Using the overlapping generations framework, evaluate how current generations benefit at the expense of future generationsExplain the following terms: i. Fertility ii. Dependency ratio iii. The demographic Transition 4. i. Describe & explain the Malthusian Population Trap ii. What is the main criticism of this population theory?
- Consider Romer Model 2. Suppose there are two countries, rich and poorone. Both countries have the same population size, L and the same knowledgegeneration productivity parameter, z. At the beginning, time 0, the rich countryhas more knowledge stock than the poor one, Ar0 > Ap0, where subscript labelstime and superscript labels country being rich or poor. However, the fractionof researchers in poor country is larger than the one in rich country, ̄lp > ̄lr .Question 4 Part aIn which country, would you prefer to live in the short-run? How about in thelong-run?How long would it take for the poor country to reach rich one’s per capitaoutput level? Show your results analytically and graphically as well. (If you pre-fer solving this question numerically by assigning values to the above parametersand variables, feel free to do soHow to determine that a country population is living a propsper lifeDescribe Malthus’ pessimistic model of population. What empirical factsabout population in the world led to the break-down of the model? What are the three stages of the demographic transition? For each stagedescribe:a. Is population size increasing or decreasing?b. Is the population growth rate increasing or decreasing?
- What are the three stages of the demographic transition? For each stagedescribe:a. Is population size increasing or decreasing?b. Is the population growth rate increasing or decreasing?The world was growing at a constant growth of 0.00007% rate between 100,000 BC and 1750AD. If birth rates per thousand averaged 35 during this period , what was the average death rate in equilibrium. (approximately) A. 31 B. 40 C. 35 D. 302 Explain why the Least Industrialized Nations have so manychildren, consequences of rapid population growth, populationpyramids, the three demographic variables, and problems inforecasting population growth