2 QUESTION 7Calculate the Multipler using the Information provided in the table:YearGDPConsumptionMPCMultiplier2000100802005200150O 2.8aO 3.33O 5.251.22QUESTION 8Economists use a method called Total Factor Productivity (TFP) to assess technologicel change in the long-run. How ie this method performed?O Economists plot the growth rate of a sample of countries against thair initial income, and detact if there is a negative associationO Economiets perform Interviewe and surveys to Research + Development divielons in fims and universtles and infer the degree of InnovationEconomiets eubtract the difference in capital per worker in two moments in time, from the difference in productivity per worker in thoee moments. A positive value is indication of positivetechnologicel changeO Economiets analyze the technological index (Nesdaq) and estimate ita capitalization ratio

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Answered: QUESTION 7 Calculate the Multipler…

QUESTION 7 Calculate the Multipler using the Information provided in the table: Year Multiplier GDP 100 Consumption 80 MPC 2000 2005 200 150 O 288 O 3.33 O 5.25 O 1.22

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 7PA

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