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24) A small economy increased its capital per hour worked...
plz help with this homework, plz don't copy answers that were answered before. Thank you and...
plz help with this
homework, plz don't copy answers that were answered before. Thank
you and write in text and not image since its hard to read
from.
1. If real GDP per
capita in the United States is $8,000, what will real GDP per
capita in the United States be after 5 years if real GDP per capita
grows at an annual rate of 3.2%? (Show your work and explain your
answers.)
2. Sweden has a
population of 9.05...
5.We can illustrate the economic growth model using the per-worker production function, which is the relationship...
5.We can illustrate the economic growth model using the per-worker production function, which is the relationship between ______, holding the level of technology constant. A.real GDP per capita and capital per capita B.real GDP per hour worked and capital per hour worked C.nominal GDP per capita and capital per capita D.nominal GDP per hour worked and capital per hour worked 6.Why has productivity growth in the U.S. been more rapid than in the other industrialized countries? A.Because of the greater...
8:18 .. . < Back Chapter 11.docx ECO 2013 Homework Chapter 11 Real GDP per hour...
8:18 .. . < Back Chapter 11.docx ECO 2013 Homework Chapter 11 Real GDP per hour worked, YIL $17.000 16,400 16.000 Production function Production function2 Production function 15,000 $50,000 60,000 70.000 Capital per hour worked, KL Figure 1 1) Refer to Figure 1. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from A) E to B to D. B) A to B to C. C)...
Refer to the figure above. Suppose that output per effective worker in the economy is at...
Refer to the figure above. Suppose that output per effective worker in the economy is at point C. Suppose nothing else changes in the model exogenously. Which of the following statements is correct? Capital per effective worker will not change and will remain at its current level Capital per effective worker must decrease over time More information is needed to determine what will happen to capital per effective worker Capital per effective worker must increase over time YIAN f(K/AN) f...
a. If increases in capital per worker lead to increased output per worker, but at a...
a. If increases in capital per worker lead to increased output per worker, but at a diminishing rate, the per-worker production function _____. a is horizontal b has an upward slope at an increasing rate c has an upward slope but at a diminishing rate d has a downward slope at a diminishing rate e has downward slope but at an increasing rate b. In poorer or "developing" countries there tends to be a Plentiful & cheap land but very...
target rate of inflation is 2 percent, the real GDP. If the weights for the 2...
target rate of inflation is 2 percent, the real GDP. If the weights for the 2 percent, the aurrent inflation rate is 4 percent, and real GDP is 2 percent above potential i inflation gap and the output gap are both 1/2, then according to the Taylor rule the equals 20) ) 4 percent. B)6perennt. C)8percent. D) 10 percent. Figure 11-2 Real GDP per hour worked, YIL oductior function, Production Production function Capital per hour worked, K/L $40 60 21)...
5. Consider a simple economy with two companies: Fresh Juice, and Organic Oranges. Organic Oranges do...
5. Consider a simple economy with two companies: Fresh Juice, and Organic Oranges. Organic Oranges do not sell oranges directly to consumer; rather it supplies its entire harvest to Fresh Juice as an intermediate good. Fresh Juice sells its juice directly to consumers. As juice is perishable, juice produced in Q1 cannot be sold in Q2. Suppose Fresh Juice produced 2,000 gallons of juice in Q1. The two inputs used were oranges, which cost $10,000 total, and labor, which cost...
20. If a country's depreciation rate increased from 2 percent to 5 percent of physical capital and it was operating...
20. If a country's depreciation rate increased from 2 percent to 5 percent of physical capital and it was operating at its steady-state before the change, we would expect to see which of the following? I. a decrease in the steady-state per capita capital stock II. a decrease in the steady-state level of real GDP per capita III. a corresponding decrease in real population growth rate IV. an increase in capital stock A) All the above are correct. B) I,...
the domestic interest rate would leduction in E C) an increase in E D) an increase...
the domestic interest rate would leduction in E C) an increase in E D) an increase in investment E) none of the above Answer Questions (30 points, 20 questions, 1.5 points for cach question) 1. For this question this question, assume that the economy is initially operating at the natural level of output. A monetary expansion will cause in the real wage in the medium run. con will cause (increase/decrease/no change) 2. Use the following information to answer the questions...
everything but part a Problem Set 8 1. (Population growth but no technology growth) Consider an...
everything but part a
Problem Set 8 1. (Population growth but no technology growth) Consider an economy that is described by the production function Y = K L. Moreover the de preciation rate of capital is 8 = 0.05 and the population growth rate is n=0.05 (there is no technology growth) (a) What is the per-worker production function, that is y = ¥? What is the marginal product of capital, that is 8X? (b) If the saving rate is 8...
plz help with this
homework, plz don't copy answers that were answered before. Thank
you and write in text and not image since its hard to read
from.
1. If real GDP per
capita in the United States is $8,000, what will real GDP per
capita in the United States be after 5 years if real GDP per capita
grows at an annual rate of 3.2%? (Show your work and explain your
answers.)
2. Sweden has a
population of 9.05...
8:18 .. . < Back Chapter 11.docx ECO 2013 Homework Chapter 11 Real GDP per hour worked, YIL $17.000 16,400 16.000 Production function Production function2 Production function 15,000 $50,000 60,000 70.000 Capital per hour worked, KL Figure 1 1) Refer to Figure 1. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from A) E to B to D. B) A to B to C. C)...
target rate of inflation is 2 percent, the real GDP. If the weights for the 2 percent, the aurrent inflation rate is 4 percent, and real GDP is 2 percent above potential i inflation gap and the output gap are both 1/2, then according to the Taylor rule the equals 20) ) 4 percent. B)6perennt. C)8percent. D) 10 percent. Figure 11-2 Real GDP per hour worked, YIL oductior function, Production Production function Capital per hour worked, K/L $40 60 21)...
5. Consider a simple economy with two companies: Fresh Juice, and Organic Oranges. Organic Oranges do not sell oranges directly to consumer; rather it supplies its entire harvest to Fresh Juice as an intermediate good. Fresh Juice sells its juice directly to consumers. As juice is perishable, juice produced in Q1 cannot be sold in Q2. Suppose Fresh Juice produced 2,000 gallons of juice in Q1. The two inputs used were oranges, which cost $10,000 total, and labor, which cost...
the domestic interest rate would leduction in E C) an increase in E D) an increase in investment E) none of the above Answer Questions (30 points, 20 questions, 1.5 points for cach question) 1. For this question this question, assume that the economy is initially operating at the natural level of output. A monetary expansion will cause in the real wage in the medium run. con will cause (increase/decrease/no change) 2. Use the following information to answer the questions...
everything but part a
Problem Set 8 1. (Population growth but no technology growth) Consider an economy that is described by the production function Y = K L. Moreover the de preciation rate of capital is 8 = 0.05 and the population growth rate is n=0.05 (there is no technology growth) (a) What is the per-worker production function, that is y = ¥? What is the marginal product of capital, that is 8X? (b) If the saving rate is 8...
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