increases in total factor productivity (TFP) can generate sustained increases in per capita output growth because increasing a) TFP lowers the capital stock b) TFP lowers human capital c) TFP increases the population d) TFP does not cause diminishing returns
Q: Which of the following does NOT influence growth of labor productivity? discovery of new…
A: Labor productivity refers to the productivity or total output produced by the labor employed. Labor…
Q: Determine whether each of the following statements about human resources and economic growth in…
A: Economic growth is an increase in the production of goods and services in an economy. Increases in…
Q: In the endogenous growth model, productivity growth is the result of population growth. saving…
A: The answer is - Option 4. Human capital accumulation.
Q: What happens in the steady state to the capital-labor ratio, output per worker, and consumption per…
A: What is steady state - A balanced structure between population growth and productivity and use of…
Q: With reference to a Cobb-Douglas production function, if a country has a declining labor share that…
A: Cobb-Douglas Production Function Cobb-Douglas production function Shows the relationship of the…
Q: Which of the following is not a requirement for increased growth? a. Capital expenditure b.…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Economic growth accounting studies show that Group of answer choices Improvements in physical…
A: Enterprise is carried out by entrepreneur and therefore enterprise would be occupationally mobile if…
Q: In a nation with excessive population growth, and unskilled labor, the production possibilities…
A: The graph known as the production possibilities curve (PPC) illustrates all the possible output…
Q: For a given level of technology, the level of labor productivity would increase in all of the…
A: Labor productivity means the efficiency or productivity by which labor works or produces the output.…
Q: Barriers to achieve sustainable economic growth: discuss the potential barriers to achieve the…
A: Sustainable development means development without harming the environment. it is inter=geration of…
Q: Strategies to achieve sustainable economic growth: - discuss proposed strategies which can be…
A: The sustainable growth rate (SGR) is the growth rate which can be maintained without requiring…
Q: Explain how institutional factors promote economic growth in these areas: promotion of modern…
A: Economic growth is an increase in the production of economic services and goods being compared from…
Q: Identify one developed and one developing country. Research their recent economic growth rates.…
A: Consider a developed country United States of America and a developing country India. Economic…
Q: For each scenario given, identify which input into the economic growth production function changes.…
A: Economic growth: Economic growth is represented by an increase in the production of goods and…
Q: What happens in the steady state to the capital-labor ratio, output per worker, and consumption per…
A: The productivity falls, it means now less capital will be available per workers. The low capital…
Q: The development model of public sector growth focuses more on economic choice and less on exogenous…
A: Exogenous choices are the choices that influences externally on the identity of a place.
Q: Which of the following statements is FALSE? 1. Labor productivity and the percentage of people…
A: Labor productivity refers to the amount of output produced or the value of the production by each…
Q: is it true or false that the growth rate of the GDP per worker for an economy where the capital to…
A: The quantity of capital required to create one unit of output is referred to as the capital output…
Q: A country's economic growth: Group of answer choices is independent of its physical capital per…
A: A country's economic growth: a)Is independent of its physical capital per worker- False as it is…
Q: Population growth has a variety of effects on productivity. Explain this statement and justify your…
A: The production function is a mapping of the output produced and input used in the production…
Q: Countries with more economic freedom have levels of economic growth that a. are generally lower…
A: The economies around the world works with the help of various entities, and agents, such as the…
Q: As formulated by Malthus, the Malthusian theory of population growth, proved ______. a. that food…
A: Malthusian theory of population growth says that the population is increasing at the rapid speed…
Q: The government of the country Excel provides a large number of grants for scientists to research new…
A: Meaning of Economic Growth: The term economic growth refers to the growth towards the internal…
Q: Considering the determinants of productivity, list and explain some things that would tend to…
A: The productivity refers to the efficiency in production of goods and services. It is described as…
Q: Suppose France has a per capita GDP that is 0.7 times the United States GDP. It has a…
A: Productivity: It refers to the production of good and services according to the inputs and output…
Q: Many countries, including Pakistan, import substantial amounts of goods and services from other…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Which of the following is correct? Question options: a) A decrease in the productivity of labour…
A: Economic growth in a country occurs when more output can be produced within a specific time period.…
Q: The current population of the United States is 327.2 million with 2.2% of the population is engaged…
A: Efficiency Rate The amount of work or energy saved in a process is measured by efficiency. Work or…
Q: The three pillars of productivity growth does not include an A. increase in the rate at which…
A: When the value of output rises with the available level of inputs is called productivity growth.…
Q: The following are the main factors that drive economic growth except: A. Agrarian Reform B.…
A: The following are the main factors that drive economic growth except: A.…
Q: The real GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal…
A: The GDP or gross domestic product is the monetary value of all services and commodities produced…
Q: Determine which of the following statement about economic growth and labour productivity is true or…
A: Economic growth and labor productivity has very close relationship as improved labor productivity…
Q: The inflation rate in 2018 is 45.30% Now assume an investor is negotiating with the bank to pay…
A: Inflation rate is the proportion of change in CPI and CPI of base year . It is the rate at which…
Q: TRUE OR FALSE 1. A high fertility rate reduces the per capita income, be it the Gross National…
A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…
Q: One of the biggest challenges for stimulating economic growth in high-income countries is Group of…
A: Economic growth, the tactic by that a nation's wealth can increase over time.. Economic growth is a…
Q: All of the following lead to an increase in productivity except for a. an increase in physical…
A: Productivity is a measure of the efficiency of production. Higher productivity leads to increased…
Q: 56. Which of the following is a cost of economic growth? improvements in technology…
A: Economic growth is a process where production increases which means gross domestic product…
Q: The government of the country Excel provides a large number of grants for scientists to research new…
A: Governments give out grants to promote research and development (R&D) in the economy, boosting…
Q: Assume positive population growth ( n > 0) and technological progress ( g > 0 ). Derive analytically…
A: Hey, Thank you for the question. According to our policy, we can only answer up to 3 subparts per…
Q: Which of the following is NOT a primary obstacle to economic growth for economically challenged…
A: Answer: Economic growth: economic growth occurs when the real GDP increases consistently over a…
Q: What happens in the steady state to the capital-labor ratio, output per worker, and consumption per…
A:
Q: Between 1960 and 2010 the annual growth rate was 3% in country A and 1% in country B. The two…
A: A financial growth rate is the rate change in the worth of the entirety of the labor and products…
Q: Suppose there are two countries that are identical with the following exception. The saving rate in…
A: Here, it is given that country A and country B are identical, buy country A has greater savings rate…
Q: Strategies to achieve sustainable economic growth: to discuss proposed strategies which can be…
A: Economic growth occurs when real output increases over time. Real output is measured by Gross…
increases in total factor productivity (TFP) can generate sustained increases in per capita output growth because increasing
a) TFP lowers the capital stock
Increases total factor productivity can generate sustained increases in per capita output growth because increasing TFP doesn't cause diminishing returns.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- An increase in capital stock Group of answer choices provides valuable services directly. causes economic growth. All of the above enhances labor productivity.A country's economic growth: Group of answer choices is independent of its physical capital per worker. will be determined primarily by its endowment of natural resources. Is heavily dependent on its total factor productivity. is independent of its human capital per worker.Total Factor Productivity accounts for about 50 to 75% of historical growth per capita in industrialized country. Yes or No?
- For a given level of technology, the level of labor productivity would increase in all of the following situations except when: A. there is an increase in natural resources per worker B. there is an increase in human capital per worker C. there is an increase in physical capital per worker D. there is an increase in laborSuppose that the per-worker production (labour productivity) function in South Korea is Y over L equals A open parentheses K over L close parentheses to the power of 0.4 end exponent open parentheses H over L close parentheses to the power of 0.6 end exponent. South Korea's labor productivity rises 6% per year, capital-labour ratio rises 5% per year, and human capital per worker rises 2% per year. This information suggests that total factor productivity grows at _________ per year.The GDP per capita (labor) in the US is 2.95 times of that in Mexico. Also it is found that the capital per labor ratio in the US is 2.98 times of that in Mexico. Based on the Cobb-Douglas production function, what is the ratio of total factor productivity in these two countries?
- Average labour productivity is presently higher in Australia than it is in China yet during the 21stCentury, China has experienced much higher rates of economic growth compared to Australia. Explain possible reasons for this drawing on relevant evidence and examples to support your answer.Write the production function in its simplest form (human capital being included in TFP) and explain the nature of each factor as well the theoretical value of the parameter Alpha. In other words what does the value of Alpha represent regarding the returns of each factors of production?The declining labour share, which is expected to continue in the future, implies that Australia will experience faster economic growth (growth in GDP per capita) in the future. Assuming that the production function in Australia is the Cobb-Douglas production function, do you agree or disagree with this statement? Explain your reasoning.
- Many countries, including Pakistan, import substantial amounts of goods and services from other countries. However, economists claim that a country can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Can you reconcile these two facts? (Maximum 100 words). Given the production function Y= AF (L, K, H, N), explain the determinants of productivity. ( Maximum100 words). Population growth has a variety of effects on productivity. Explain this statement and justify your answer. (Maximum 200 words).Native-born workers may not be harmed by immigration if it Multiple Choice reduces wages and labor demand is inelastic. reduces the rate of return on capital. increases the rate of return on capital. causes production costs to rise.Suppose y = k^1/2, total factor productivity is constant and equal to 1, s = 0.40, and d = 0.10. When the economy reaches the steady state, the capital−labor ratio is ________ of capital per worker. A. $2 B. $4 C. $8 D. $16
