Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
32. Differences in per capita GDP across countries are determined by differences in a. Capital stock...
The table below reports per capita GDP and capital per person in the year 2014 for...
The table below reports per capita GDP and capital per person in
the year 2014 for 10
countries. Your task is to fill in the missing columns of the
table.
a)Given the values in column 1 and 2, fill in columns 3 and 4.
That is, compute per capita GDP and capital per person relative to
the U.S. values.
b)In column 5, use the production model (with a capital exponent
of 1/3) to compute
predicted per capita GDP for each...
The real GDP per capita in US is higher than almost all other countries in the...
The real GDP per capita in US is higher than almost all other countries in the world. What do you think may be some major reasons for the US GDP per capita to be higher?
In 2005, the lowest per capita GDP figures were seen in: a. Transition countries (Central and...
In 2005, the lowest per capita GDP figures were seen in: a. Transition countries (Central and Eastern European and Central Asian countries). b. Latin America. c. East Asia. d. Arab States Please explain. Thanks!
7. Discuss why the nominal GDP per capita is a good measure of a countries economic...
7. Discuss why the nominal GDP per capita is a good measure of a countries economic well being and why it is a poor measure. a. (5 points) Why is the nominal GDP per capita a good measure? b. (5 points) Why is the nominal GDP per capita a poor measure?
1) A good measure of the standard of living is A) real GDP per capita B)...
1) A good measure of the standard of living is A) real GDP per capita B) the real interest rate C) total nominal GDP D) total real GDP. E) nominal GDP per capita 2) If you invest $10,000 in a bond that earns 8% interest per year, how many years will it take to double your money? A) 1 year and 3 months B) 2 years and 6 months C) 5 years and 6 months D) 8 years E) 8...
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...
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain:...
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain: "Development accounting, which is the empirical analysis that uses the production function to explain differences in GDP across countries, finds that differences in capital per capita across countries can explain MOST of the differences in GDP per capita." b) (3 points) The data tells us that GDP per capita in Peru was $6000 in 2015 and it was $5000 in 2010. A student claims...
Suppose there are 2 countries i,j where both the countries are identical in every aspect excepting...
Suppose there are 2 countries i,j where both the countries are
identical in every aspect excepting quality of education. Although
both the countries have same levels of factors of production,
however the quality of education per person in country i is better
than that in country j.
a. Set up a Cobb-Douglas production function in per capita
terms by incorporating q to be the quality of education. Note q
should be associated with human capital per capita (h) but the...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
Consider the following equation: GINI = 12.42 + 0.341 (GDP per capita) – 0.073 (GDP per...
Consider the following equation: GINI = 12.42 + 0.341 (GDP per capita) – 0.073 (GDP per capita)2 + error where, GINI denotes the Gini coefficient and GDP per capita is in real US$. (a) Interpret the marginal effect of GDP per capita on the Gini coefficient. (b) Draw an approximate diagram depicting the estimated relationship. (C) Is there a way of testing for nonlinearity in the above relationship? (d) Provide an alternative nonlinear equation for modelling Gini coefficient on GDP...
The table below reports per capita GDP and capital per person in
the year 2014 for 10
countries. Your task is to fill in the missing columns of the
table.
a)Given the values in column 1 and 2, fill in columns 3 and 4.
That is, compute per capita GDP and capital per person relative to
the U.S. values.
b)In column 5, use the production model (with a capital exponent
of 1/3) to compute
predicted per capita GDP for each...
1) A good measure of the standard of living is A) real GDP per capita B) the real interest rate C) total nominal GDP D) total real GDP. E) nominal GDP per capita 2) If you invest $10,000 in a bond that earns 8% interest per year, how many years will it take to double your money? A) 1 year and 3 months B) 2 years and 6 months C) 5 years and 6 months D) 8 years E) 8...
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain: "Development accounting, which is the empirical analysis that uses the production function to explain differences in GDP across countries, finds that differences in capital per capita across countries can explain MOST of the differences in GDP per capita." b) (3 points) The data tells us that GDP per capita in Peru was $6000 in 2015 and it was $5000 in 2010. A student claims...
Suppose there are 2 countries i,j where both the countries are
identical in every aspect excepting quality of education. Although
both the countries have same levels of factors of production,
however the quality of education per person in country i is better
than that in country j.
a. Set up a Cobb-Douglas production function in per capita
terms by incorporating q to be the quality of education. Note q
should be associated with human capital per capita (h) but the...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
Consider the following equation: GINI = 12.42 + 0.341 (GDP per capita) – 0.073 (GDP per capita)2 + error where, GINI denotes the Gini coefficient and GDP per capita is in real US$. (a) Interpret the marginal effect of GDP per capita on the Gini coefficient. (b) Draw an approximate diagram depicting the estimated relationship. (C) Is there a way of testing for nonlinearity in the above relationship? (d) Provide an alternative nonlinear equation for modelling Gini coefficient on GDP...
Most questions answered within 3 hours.
-
What is meant by a “term premium”?
What can explain such a premium? Is it a...
asked 1 hour ago -
23. Which molecule has only covalent bonds? A. CO2 B. Al2O3 C.
Mg3N2
24. The octet...
asked 2 hours ago -
the
total pressure for a mixture of N2O4 and NO2 is 2.20 atm. If Kp=
7.10...
asked 2 hours ago -
Delaware Corp. prepared a master budget that included $22,385
for direct materials, $28,600 for direct labor,...
asked 2 hours ago -
For pesticide HCB (hexachlorobenzene), its logarithmic partition
coefficient log Kow is 5.6. What would be the...
asked 2 hours ago -
A chemist requires 0.422 mil Na2CO3 for a reaction. How many
grams does this correspond to?
asked 2 hours ago -
If the vapor pressure of carvone is approximately 9.4 torr at 99
°C, approximately how much...
asked 2 hours ago -
A juice bottling company is carrying out a test at 10%
significance that the mean population...
asked 2 hours ago -
What is the reflectivity (in percent) needed to keep water at a
temperature near its freezing...
asked 2 hours ago -
Suppose that the average surface temperature of Earth is 300K.
Assume this is uniform over its...
asked 2 hours ago -
Draw the condensed structural formula for alkenes and alkynes or
the line-angle structural formula for cycloalkenes...
asked 2 hours ago -
M. Laing has suggested a new arrangement of the periodic table
(J.Chem.Ed.1989, 66,
746). Answer the following...
asked 3 hours ago