Suppose labor productivity in the United States was $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later) if: Instructions: Enter your responses rounded to the nearest penny (two decimal places). a. Productivity continues to grow by 4.5 percent per year. US labor productivity in 2035 would be $ 241.171.40 per worker. b. Productivity growth falls to 2.7 percent per year. U.S. labor productivity in 2035 would be $ 170.376.1 per worker. c. How much larger would labor productivity per worker be in 2035 with the higher growth rate as compared to the lower growth rate? Instructions: Enter your answer response rounded to the nearest penny (two decimal places) and percent value rounded to the nearest whole number. $ or %.
Q: Based on the information below, Nation A should specialise in the production of good, while Nation B…
A: Approach to solving the question:This is so because given the per unit requirements of producing…
Q: Explain all option compulsory...
A:
Q: don't use chatgpt answer i will 5 upvote South Africa’s banking sector is controlled by a small…
A: The following is a step-by-step explanation of the response to the aforementioned query.…
Q: When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the…
A: Option b: This option is correctThe correct answer is: b. The buyers bear the burden of the tax.The…
Q: 1865 brought three major historical pivots, the collapse of the Confederacy, the abolition of…
A: Beyond Black and White: A Spectrum of ExperiencesIt's important to remember that the experiences of…
Q: Given: Receive one payment every 3 months. 15% APR compounded monthly.
A: To calculate the balance in the account after 2 years (8 payments), we can use the formula for the…
Q: PLS HELP ASAP ON BOTH
A: For the first question:a) visible penetrant solvent removable.This option is incorrect because while…
Q: Help Save Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells…
A: Step 1: Arthur sells $100 worth of cotton to Bob.Contribution to GDP: $100 Step 2: Bob turns the…
Q: Q. 10: Calculate a deadweight loss in a monopoly market with a constant marginal cost of 2 and a…
A: Given,Constant Marginal Cost: MC=2 Demand function: P=10−Q In a monopoly, the deadweight loss is the…
Q: 4 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on…
A: To determine the equilibrium national income (Y) and the interest rate (i), we utilize the IS-LM…
Q: Working with Multipliers Help with the following two exercises. 1. Assume the MPC is 0.70 and the…
A: 1. Multipliers (M) explain the overall change in real GDP (Y) caused by an initial change in a…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Perfect competition is a market structure characterized by a large number of small firms producing…
Q: For a monopolistically competitive firm in long-run equilibrium, Question 50 options: the demand…
A: The right response is: Considering the facts given and the features of long-run equilibrium in…
Q: Price of pizza rolls ($) 1 6 5 14 13 DMSB) 12 11 10 Dmarket S(MPC) 0123 456 8 9 10 11 12 13 14…
A: Solution 2)To determine if there's a positive or negative externality, we need to assess whether the…
Q: PLS HELP ASAP ON BOTH
A: SOLUTION 1 :The best advice for Harry to defer paying taxes on capital gains would be:c. He should…
Q: Explain all option compulsary......you will not explain all option then I will give you down…
A: In the scenario described for Culture Comics, Segment A of the diagram refers to the flow from the…
Q: PLS HELP ASAP ON BOTH
A: The image shows two multiple-choice questions. For the first question, it asks what the trefoil…
Q: pls help asap on both
A: 1. Continuous casting is a steelmaking process where molten steel is continuously poured into a…
Q: i need both answer and clearly i will 5 upvotes.
A: The objective of the question is to determine the equilibrium price and quantity from the given…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Externalities:Externalities are the effects of a particular economic activity that spill over to…
Q: PLS HELP ASAP ON BOTH
A: Answer 1: Strategic asset allocationBased on the investor's risk tolerance, financial goals, and…
Q: Please give the right exact answer. A number answer. No need for wordy long sentence answer.
A: The graph presents the aggregate marginal mitigation cost (AMMC) curve and the marginal harm (MD)…
Q: What strategy did Apple use to defend against competitiors? cost leadership, differentation, focused…
A: Examples Displaying Apple's Differentiation Strategy: 1. Innovative Product Design and…
Q: Using appropriate examples, clearly demarcate between fiscal and monetary policies.
A: Both fiscal and monetary policies are important methods through which policymakers aim to affect the…
Q: PLS HELP ASAP ON BOTH
A: Detailed ExplanationFirst QuestionThe marginal tax rate is the tax rate applied to the next dollar…
Q: Suppose the following table was generated from the sample data of 20 campuses relating the total…
A: Step 1:Determine the given variables From the table it is clearly seen that Coefficient of…
Q: Multiple Choice Question Investment demand is: Multiple choice question.…
A: In economics, investment demand refers to the demand for capital goods by businesses. Capital goods…
Q: Question 9 The producer price index measures the cost of a basket of goods and services bought by…
A: 9. This statement is FALSE. The Producer Price Index (PPI) measures the average change over time in…
Q: typing pls i need a ) and b) answers
A: To solve this problem, let's first understand that when three fair 6-faced dice are rolled, the…
Q: The table below shows information on the adult population of a small country. Employment…
A: The objective of the question is to calculate the size of the labor force in a small country based…
Q: Which of the following is NOT considered a factor contributing to economic growth? a) Investment in…
A: Increase in government regulation is NOT considered a factor contributing to economic growth. This…
Q: You plan to buy an 11-year, $11,000 bond with an annual bond rate of 4% and keep it to maturity. How…
A: 1. Calculating the Present Value of Coupon Payments: The formula to calculate the present value of…
Q: Part B. Numerical exercise (32 points). The aggregate demand of one IS-LM-PC economy is…
A:
Q: PLS HELP ASAP ON BOTH
A: 2. The correct answer is:b) Should continue until the electrode is cool.When welding with the gas…
Q: Money facilitates trade because it:____________________________- A.does not require a double…
A: The correct answer is: Option (A) does not require a double coincidence of wants among individuals.…
Q: Question 2. Production and Costs. For some reason, your professor has left his job at Akerlof's and…
A: Question 2a: Production and CostsQuantityPriceTotal RevenueMarginal RevenueTotal CostMarginal…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: A recessionary gap, also known as a contractionary or negative output gap, refers to a situation in…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A:
Q: 8. Stody Questions and Problems #8 California once proposed legislation that would have required 10%…
A: True or False: Electric vehicles that use electrical outlets are not emissions-free because electric…
Q: Typed plz asap
A: In talks about the dual nature of Congress, two key aspects came to the fore during the passage of…
Q: PLS HELP ASAP ON BOTH
A: 1) The Index Exchange Traded Fund (ETF) is most likely to be passively managed. This is because ETFs…
Q: PLS HELP ASAP ON BOTH
A: Detailed ExplanationFirst QuestionTo comply with the "holding out rule" in the context of mutual…
Q: PLS HELP ASAP ON BOTH
A: Approach to solving the question:For an echo to be reflected back to the transducer at its maximum…
Q: Assume all profit-maximizing employer types sell output in perfectly competitive markets and hire in…
A: The objective of the question is to understand the impact of discrimination coefficient on the…
Q: need the anwser asap. thank you
A: b. Consumer surplus:Consumer surplus is the difference between the price consumers are willing to…
Q: What is the effect of a decrease in the population growth rate in the Solow growthmodel? Show…
A: Level Effect:Higher Capital per Worker (k): With fewer new workers entering the workforce, the…
Q: The MARR is 15%. Three alternatives are available and the associated cash flow is as follow: Year…
A: The objective of the question is to calculate the payback period for each alternative and then…
Q: Which of the following is the most likely effect if the government was to increase spending?…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: typing clear i will give 5 upvotes
A:
Q: pls help asap on both
A: For the second image, when using dry powder developer or non-aqueous suspension developer, the…
Step by step
Solved in 2 steps
- Only typed answer and please don't use chatgpt Suppose labor productivity is $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later): Instructions: Enter your responses rounded to the closest $100. a. Productivity continues to grow by 2.6 percent per year. U.S labor productivity in 2035 would be $ per worker. b. Productivity falls to 2.0 percent per year (the average productivity growth between 1970 and 2009). U.S. labor productivity in 2035 would be $ per worker.Small differences in growth rates in the size of the economy, over several decades, will result in big differences in the size of the economy. Pretend we start in 1950 and the U.S. growth in real GDP has been around 3.15%. This has resulted in real GDP growing 8 times over this 70-year period (1950 to 2020). If real GDP growth had been 4.0%, real GDP would be times larger. a. 8 (about the same growth as with 3.15% growth) b. 10 С. 14 d. 16Richland's real GDP per person is $5,000, and Poorland's real GDP per person is $2,500. However, Richland's real GDP per person is growing at 2 percent per year, and Poorland's is growing at 4 percent per year. Compare real GDP per person in the two countries after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland? Instructions: Enter your responses as whole numbers. GDP per person GDP per person after 10 years Richland $ Poorland $ Poorland will catch up to Richland in (Click to select) GDP per person after 20 years $ $ years.
- Richland's real GDP per person is $30,000, and Poorland's real GDP per person is $15,000. However, Richland's real GDP per person is growing at 1 percent per year, and Poorland's is growing at 3 percent per year. Compare real GDP per person in the two countries after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland? Instructions: Enter your responses as whole numbers. GDP per person after 10 years. GDP per person Richland GDP per person after 20 years $ Poorland $ $ Poorland will catch up to Richland in (Click to select)years.Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level 34. of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity in the UK grows 3% per year. After five years, who will have the higher productivity level, and by how much?Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth? Explain why sustained long-term economic growth comes from increases in labor productivity. Why do you think the trend rate of U.S. productivity growth has increased since the earlier 1973–1995 period?
- Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth? Explain why sustained long-term economic growth comes from increases in labor productivity. Why do you think the trend rate of U.S. productivity growth has increased since the earlier 1973–1995 period? The quantity of labor and increases in labor productivity are important sources of economic growth. Between 1953 and 2015, in the US economy the labor force increased from 63 million to 158 million workers. Productivity growth has usually been the more significant factor. To calculate real GDP in a given year you have to multiply hours worked by productivity. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a…The table provides some data on real GDP and the population of Pacifica in 2018 and 2019. What is the economic growth rate in Pacifica in 2019? Real GDP Population (billions) Year (billions of dollars) What is the growth rate of Pacifica's standard of living in 2019? 2018 140,000 350 >>> Answer to 1 decimal place. 2019 154,508 361 The economic growth rate in Pacifica in 2019 is percent. The growth rate of Pacifica's standard of living in 2019 is percent. Enter your answer in each of the answer boxes. F12 F10 80 888 F4 F3 esc % de # %24 3 4 1 P E R Q tab K A caps lock C V shift command optic option command fn control I LLAssume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The annual growth rate in West Swimsuit is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of West Swimsuit? What will the income of the two countries be when it is equal? solve it correctly please. I will rate accordingly. Ty-ped answer please...
- Suppose China’s GDP is growing by 7% a year and its population grows by 1% a year. Also suppose that US GDP grows by 3% a year and its population grows by 1% a year, and that in 2019 US GDP is 1.5 times China’s while US population is one quarter of China’s. If these growth rates continue By what year will China’s GDP double? Its population? Its per capita GDP?In what year will China’s GDP equal US GDP?In what year will China’s GDP per capita equal US GDP per capita?There is a chart for quesition 2 that is attached as an image. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth? Explain why sustained long-term economic growth comes from increases in labor productivity. Why do you think the trend rate of U.S. productivity growth has increased since the earlier 1973–1995 period? Hint: The quantity of labor and increases in labor productivity are important sources of economic growth. Between 1953 and 2015, in the US economy the labor force increased from 63 million to 158 million workers. Productivity growth has usually been the more significant factor. To calculate real GDP in a given year you have to multiply hours worked by productivity. 2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its…Calculate the growth rate in the number of hours worked per capita, total output, and output per capita from the following information: What happens to the growth rates of total output and per capita output if the growth rate of productivity rises to 3.3 percent? What happens to the growth rates of total output and per capita output if the growth rate of the population rises to 2.0 percent?