in the table below, you see world population and average output per person historically. Explain the evolution of these variables. Then, interpret your findings regarding Mathusian growth theory Year 5000 BC 3 1000 BC 50 170 265 1 AD 1000 AD 1500 AD 1800 AD Population in millions 1900 AD 1950 AD 1975 AD 2000 AD 425 000 1625 2515 4080 6120 GDP per person in year 2000 dollars 130 160 135 165 175 250 850 2030 4640 8175
Q: If the price of computer parts used in a manufacture of personal computers has reduced. This will…
A: Here, it is given that there is an increase in the price of computer parts that are used in the…
Q: Use the Solow model below to answer the question. Y3 Y₂ Y ₁ K₂ K3 Y = Af (K, H) dk SY K Suppose that…
A: This model is also known as the steady state equilibrium model since this theory states that in long…
Q: Using the IS-LM model and assuming the central bank conducts monetary policy by manipulating the…
A: The LM represents Liquidity and Money. On the upward pivot of the chart, 'r' addresses the loan fee…
Q: 2. Compare the OC curves of the plans n = 5 and c = 0, 1, at Pa = .95, .50, .10. Plot the AOQ and…
A: Given, n = 5 and c = 0, 1, at Pa = .95, .50, .10 We have to plot AOQ and ATI curves for these plans…
Q: A disadvantage of a statutory close corporation is that: a) it cannot distribute dividends to…
A: Close Corporation:- A close corporation is typically a smaller organisation that chooses to have…
Q: II Analytical 3. Assume the monetary base is $100 million, the currencydeposit ratio is 0.5, and the…
A: The total amount of money and other liquid assets in an economy on the measurement date is known as…
Q: "XYZ" is a company that produces shoes. if the cost of production of one unit it 12$, Do you believe…
A: Here, it is given that a company "XYZ" manufactures shoes at a cost of $12 per unit.
Q: Which of the following would impact the Natural Rate of Unemployment? Question 7 options: All…
A: Cycles in unemployment explain why unemployment rises during a slump and falls during an upturn. So,…
Q: Suppose that the money demand function is (M/P)d = 800-50r, where r is the interest rate in…
A:
Q: How might the variety of differing perspectives in a foreign country, including working with…
A:
Q: Mrs Gomez has a portfolio with an expected return of 7%. The portfolio is evenly invested in a stock…
A: The expected return is the profit or loss that an investor anticipates on an investment that has…
Q: (a) Show that for a demand function of the form (p) =p, where c and n are positive constants, the…
A: The elasticity of demand is the sensitiveness or responsiveness of the quantity demanded to the…
Q: Assume that following equations describe the money market of an economy Ms = 1,000 Md = .2Y - 100r…
A: The equilibrium in the money market occurs when the money demand is equal to the money supply.
Q: Assume a bond with a remaining maturity of 3 years a. If the face value is $10,000 and coupon…
A: Given Face value of coupon bond FV =$10000 Coupon payment (C)= $500 per year yield to maturity…
Q: Define marginal utility. (50 words)
A: Utility means the satisfaction that a consumer gets after the consumption of a good or service. It…
Q: oblem 1. Based on each scenario definition, indicate which of the following transactions will be…
A: GDP measures the value of goods and services produced with in the country during a specific period…
Q: How many states have increased their minimum wage since 2009?
A: As employees are motivated by rising salaries, raising the minimum wage aids in enhancing employee…
Q: (iii) State coase's theorem and evaluate the following statement in the relevance of the theorem.…
A: A negative externality occurs when an economic agent's consumption or production activities…
Q: The city-cleaning workers guild faces an own wage elasticity of demand for labor equal to -0.3. The…
A: The wage elasticity of demand for labour is the responsiveness of demand of labour with the change…
Q: Mauro Products distributes a single product, a woven basket whose selling price is $17 and whose…
A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…
Q: Assume that the nominal interest rate is 11 percent, the inflation rate is 8 percent, and government…
A: Inflation is the rise in general price level of goods and services over period of time. fisher…
Q: n 2021, the Woodland Republic Bureau of Statistics publication indicated thatthe Consumer Price…
A: CPI of the Woodland Republic in 2020 = 106.5 CPI of the Woodland Republic in 2021 = 109.2 Use the…
Q: the central bank sells government securities from the private sector-money markets, other things…
A: Introduction: When the Central bank sells government securities, then the people will purchase…
Q: 4. What is intra-industry trade? What is inter- industry trade? What are the differences between…
A: Intra-industry trade (“intra-industry trade”) is trade that takes place in the same industry. E.g…
Q: If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic…
A: The GDP deflator is a macroeconomic indicator or measure of inflation that measures inflation by…
Q: Suppose registered nurses in 2007 made an average hourly wage of $30.02. In 2011, suppose their…
A: Given Information: Hourly wage in 2007= $30.02 Hourly wage in 2007= $33.21 CPI for 2007 = 207.3 CPI…
Q: True/False with explanation: Monopolist will never operate in the inelastic portion of the demand…
A: In a monopoly, there is a single seller who has full control over the prices.
Q: A financial instrument that represents actual ownership in a corporation is a(n) A. Equity…
A: Debt and equity are the two instruments to raise funds in the financial market.
Q: Example 1: EOY NCF ($) 1 100 2 150 3 200 4 250 Calculate the present worth when interest rate is…
A: Following are the given information: Value of G = $50 Annuity, A= 100 Interest rate = 8%
Q: Question 14 Consider a monopoly using a two part tariff against consumers with downward sloping…
A: Consumers are homogenous when their demand for specific good is similar, while heterogenous…
Q: 1. Which of the following statement(s) is correct? (x) If a tax shifts the supply curve upward (or…
A: A tax is an obligatory charge or monetary charge imposed by any administration on an individual or…
Q: f the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic…
A: Given:- Gross domestic product (nominal) = $5.4 trillion Gross domestic product (real) = $3.6…
Q: 10. Deriving demand from an indifference map Teresa lives in Denver and enjoys drinking lattes and…
A: Budget line shows different combinations of two goods that can be bought with given income
Q: Suppose that Luigi is a monopolistic competitor whose marginal cost of a jacket is $100 and at one…
A: A monopolistic competitive market is the market in which there are many buyers and sellers. Each…
Q: Consider two policies, a tax cut that lasts for only 2 years and a tax cut that is expected to be…
A: Sol:- Since the short or the long run effect of a tax cut policy depends on the value of output…
Q: Which of the following is a reason for the downward slope of the AD curve? the wealth effect…
A: Aggregate demand shows a negative relationship between price level and real GDP.
Q: Suppose that a painter uses 3 pieces of canvas valued at $50 each and paint valued at $150 total.…
A: Cost on Canvas = $50 per unit Quantity of Canvas = 3 Cost on paint = $150 Paintings worth = $200…
Q: First consider a public good of value to Ann and Bob with the property that the value of the good…
A: The Samuelson's condition is the requirement of providing public goods in the economy in a regular…
Q: 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed,…
A: In economics, the Laffer curve outlines a hypothetical connection between paces of taxation and the…
Q: Assume that prices are flexible upward but not downward. Decide the effect on the equilibrium price…
A: No new investment will be made until the capital depreciates and the stock of unsold goods runs out,…
Q: Assume that during the years 2022 to 2025 Woodland Republic could produce only two commodities:…
A: In the question, it is given that at point D the economy is operating and at this point, the…
Q: Compare and contrast monopolistic competition and perfect competition market structures in the…
A: There are homogeneous product in the perfect competition while in the monopolistically competitive…
Q: Robert bought a bike for PLN 1000, which he does not use. A similar new bike currently costs PLN…
A: An alternative cost is a potential benefit that could have been received but could not be received…
Q: If the yen appreciates in value, then: Question 3 options: It is more expensive for Americans…
A: In the mentioned question we have been asked if yen appreciates then what happened.
Q: Qustion 15: Suppose that we are considering the market for a good that is a Giffen Good. We are…
A: Giffen goods where price and quantity demanded is positively related to each other. If price…
Q: Question 5 (1 point) Price $10 $6 $2 0 $60 $15 $45 15 The above market is at equilibrium. How large…
A: Answer :-
Q: The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham…
A: Here we have to construct Linear programming model:- Data of resources Flour 16 pounds…
Q: Suppose the production function is q = 6L0.60K0.90. Determine the long-run capital- to-labor ratio…
A: At optimum where production is maximised, marginal rate of technical substitution equals price ratio…
Q: ssume that a consumer has two goods to consume: medical care services (M) and all other goods (X).…
A: Budget line shows the two goods all possible combination which a consumer can buy with given level…
9
Step by step
Solved in 2 steps with 2 images
- A nation’s population size and the affluence of its citizenseach influence its resource consumption and environmentalimpact. As of 2013, the world’s population passed 7.1 billion,average per capita income was $11,690 per year, and the latest estimate for the world’s average ecological footprint was2.7 hectares (ha) per person. The sampling of data in the tablewill allow you to explore patterns in how population, affluence,and environmental impact are related. Draw a graph illustrating total impact (on the y axis) inrelation to affluence (on the x axis). What do the resultssuggest to you?According to the Department of Statistics Malaysia (DOSM), as of 2020, the country’s share of agriculture stood at 7.4% of the overall GDP, which is comparatively lower than neighbouring countries such as Indonesia (13.7%) and Thailand (8.6%). Nonetheless, 16% of Malaysians are involved in agriculture. The above issues can be mainly attributed to the traditional, labour-intensive farming methods, which require constant monitoring and suffers from high wastage. Explain how the agricultural industry in Malaysia can achieve allocative efficiency.____________ 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)Technology
- Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increase this to at least US$15,000 to attain a high-income country status. By how much should real per capita grown annually if it wants to achieve this status in year a) 2028; b) 2037; c) 2055?"Population, Resources, and the Environment Much of the concern over environmental issues stems from the perception that we may reach a limit to the number of people whose needs can be met by the earth’s finite resources. We may or may not reach this point, given the potential for new technological discoveries, but it is clear that continuing on our present path of accelerating environmental degradation would severely compromise the ability of present and future generations to meet their needs. A slowing of population growth rates would help ease the intensification of many environmental problems. However, the rate and timing of fertility declines, and thus the eventual size of world population, will largely depend on the commitment of governments to creating economic and institutional conditions that are conducive to limiting fertility." What is the meaning of this statement?TRUE or FALSE 11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita. 12. The natural environment can bring about an increase or decrease in the population growth rate. 13. Rapid population growth does not necessarily reflect market failure. 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries. 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a…
- Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increasethis to at least US$15,000 to attain a high income country status. By how much should real per capitagrown annually if it want to achieve this status in year a) 2028; b) 2037; c) 2055?(A) cite the relationship between education and population growth. In 3 sentences only. (B) As of January 1, 2022, the population of Philippines was estimated to be 112,321,991 people. Is this more of a boon or a bane for us? In what way?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 so
- Zagreb International Review of Economics & Business, Vol. 10, No. 1, pp. 33-66, 2007© 2007 Economics Faculty ZagrebAll rights reserved. Printed in CroatiaISSN 1331-5609; UDC: 33+65Outsourcing to China: Opportunities, Threats, and StrategicFitIlan Alon*Theodore T. Herbert**J. Mark Munoz***Abstract: China is a prominent outsourcing destination in Asia. International labour outsourcing,specially in the IT sector, has grown rapidly in recent years. This article defines outsourcingthrough an extensive review of the literature and discusses the opportunities and challengesfor outsourcing to China. Seeking strategic âfitâ among the disparate elements that influencethe firmâs outsourcing decision is recommended. The authors explore the IT and businesslandscapes in China and propose strategies for outsourcing success there.Keywords: labour outsourcing, China, information technology, international business,…The economy of Ghana is made up of three sectors namely Agriculture, Industry andServices. These three sectors contribute to the national output. For decades prior to the2000s, the Agricultural sector contributed the most to the national output. Sadly, inrecent years however, the sector has been the least contributor to national output.Trends in production of major food crops such as maize, rice and sorghum show thaton-farm productivity has stagnated and the exploitable difference between the actualand the potential output of most of the crops (yield gap) has widened. Low andinadequate levels of usage of productivity enhancing technologies such as quality seedsof improved varieties and fertilizer, thin extension services and weak market linkagescontributes to the poor agricultural performance. It was against this background thatthe NPP-led government implemented one of her flagship programmes “Planting for Food and Jobs”.The programme is primarily aimed at making subsidized improved…Explain how the fossil record can be used to determineboth the relative and the absolute timescales of past events