In his 2020 state of Nation address (SoNA) president of South Africa humbly noted that... '' Even if we (the government) were to Marshall every single resource at our disposal, and engage on a huge expenditure of public funds, we would not alone be able to guarantee employment to the millions of people who are out of work ''. and that '' Without growth there will be no jobs, and without jobs there will be no meaningful improvement in the lives of our people ".

Q: How did De Beers acquire a monopoly in the market for diamond? b) How did De Beers increase the…

A: Monopoly refers to a situation where a single firm possesses a dominant power over the entire…

Q: The table below shows total output for an economy over 2 years. 2014 Price Quantity coconuts bananas…

A: GDP Deflator is calculated as GDP Deflator = Nominal GDPReal GDPx 100 Nominal GDP is the market…

Q: Use the data for the country of New Finlandia in the following table to calculate the following:…

A: Here we calculate the followings terms by using the given information , so the calculation of the…

Q: In 2020 Pakistan Automobile Market falls by 33.6 % as the pandemic and lockdowns affect sales. In…

A: The contribution of the automobile sector in Pakistan's GDP is close to 4%. But the covid pandemic…

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: Per capita GDP in the long run: Suppose an economy begins in steady state.By what proportion does…

A: Meaning of Per-Capita GDP: A country’s GDP or gross domestic product is calculated by taking into…

Q: Which of the following is a major macroeconomic goal of nearly every society? increasing government…

A: There are many macroeconomic goals of an economy like to reduce inflation, increase employment,…

Q: Which of the following would NOT be described as “capital” by economists? Question 57 options:…

A: As we know that Capital means that those durable produced goods which helps in further production of…

Q: In his 2020 State of the Nation Address (SoNA), president of South Africa humbly noted... "Even if…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Which of the following can increase the future rate of growth of the U.S. economy and contribute to…

A: Economic growth is an increase in the gross domestic product of a country over time. It can be…

Q: In macroeconomics, the connection from inputs to outputs forthe entire economy is called…

A: A production function shows the technical relationship between the number of inputs that a firm uses…

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: “In 2030, every organization will be a technology organization and as such businesses need to start…

A: In 2030, every organization will be a technology organization and as such businesses need to start…

Q: Ricardo Model: Suppose there are two countries, Home and Foreign, that produce two goods, fish (F)…

A:

Q: Which statement is NOT true in regards to the American economy by the 21th century? A. The…

A: For decades, economists have debated the consequences of offshore on businesses and the overall…

Q: Scenario: It is the year 2035, and many people in the United States are very happy with the state of…

A: Unemployment and Inflation Rate: Inflation and unemployment are inversely related. Thus, an increase…

Q: Consider the economies of Blahnik and Tralfamadore, both of which produce gaggles of gop using only…

A: 2023 Blahnik productivity can be calculated as follows: Blahnik2023=OutputLabor force=5,00050=100…

Q: Question: a) A friend of yours studies psychology and tells you that since females are more likely…

A: a) Here we are talking about the result of the artist's collaboration with the engineer in the event…

Q: What are the effects of an increase in labor productivity on potential GDP, the quantity of labor,…

A: Gross Domestic Product is the total amount of goods and services that an economy can produce within…

Q: [Related to Don't Let This Happen To You!] Use the data for the country of New Finlandia in the…

A: Real GDP per capita: - it is inflation-adjusted per person output or real output per person of an…

Q: In his 2020 State of the Nation Address (SONA), president of South Africa humbly noted that. "Even…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What was the average of these growth rates in Econoland over these five years? Instructions: Round…

A: The real economic growth rate is a percentage that shows the rate of change in a country's GDP, from…

Q: Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150…

A: GDP(gross domestic product) per capita is obtained by dividing the GDP by population. It is useful…

Q: Which one of the following is not a determinant of productivity?   A greater stock of labor. More…

A: In a market, all the variables thate lead to change the output level and ability of the input…

Q: Determine if the following statement is normative or positive: The government expenditure towards…

A: A normative statement is one that truly involves assessment, perhaps an issue of morals, something…

Q: In 2015, approximately 59 percent of the adult population (250 million) was employed, among the…

A: The employment rate is used to measure the proportion of a nation's working-age population currently…

Q: Consider the economies of Sporon and Gobbledigook, both of which produce gaggles of gop using only…

A: Productivity of workers is the total output produced divided by the total number of workers…

Q: What would be the effect of each of the following events on actual and potential economic growth?…

A:

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

A: Answer : stocks and bonds

Q: India's Economy Hits the Wall Just six months ago, India was looking good. Annual growth was 9%,…

A: (Only the first question has been answered).    Here, the news clip presents that the economic…

Q: Which of the following is NOT a reason that people and firms can increase productivity by focusing…

A: Focusing on a few priorities firm will be able to see the results faster. Firms increase…

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: Buggatti is a luxury automobile brand that sells extremely expensive vehicles. The base model of its…

A: The GINI coefficient value lies between zero and one. The value of zero indicates perfect equality…

Q: Briefly discuss the costs of unemployment

A: Unemployment arises in social science once individuals square measure idle whereas actively trying…

Q: The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the…

A: As a negative effect of COVID -19 economies  have taken a hit on consumer sentiment which directly…

Q: economy of Ghana is made up of three sectors namely Agriculture, Industrial and Services. These…

A: It is the condition where all conditions satisfied equally.

Q: Is capital a man - made productive resources

A: When talking about economic activities, production is the primary activity that needs various…

Q: Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter…

A: Country's real gross domestic product (GDP) is a metric that breaks down a country's economic output…

Q: Show how a fall in the matching efficiency technology can effect output, wages, the unemployment and…

A: Unemployment refers to a situation, where, people who are searching for and willing to work are not…

Q: Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population…

A: Immigration affects welfare. These people come with the hope to gain. Some might have loss initially…

Q: How would this situation affect a nation's production possibility curve? The nation passes a law…

A: Hi thanks for the question. As per the guidelines we are allowed to attempt first question. If you…