Homework Answers
The given sollow growth model productivity curve : 'Output (productivity) per worker' increases at decreasing rate with increase in 'capital per worker'. Evident from swamp shaped upward sloping curve, with capital per worker & gdp per worker, on x & y axis respectively.
The given transition from point A to be can be divided in two parts :
- From point A to point C : This is due to increase in physical capital investment per worker, whose increase from 100 to 500, increases GDP per worker from 50 to 350 (ie by 300)
- From point C to D : This can be achieved only in case of technological upgradation, & upward shift in the entire production curve. This increase from 350 to 500 (is by 150) is owing due to technological development.
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10. For the next question, please refer to Figure 1 below. GDP per worker...
GDP per worker 1250 D PC1 850 600 c B 300 A 700 800 900 Physical...
GDP per worker 1250 D PC1 850 600 c B 300 A 700 800 900 Physical Capital Per Worker Figure 1: Labor Productivity For the next questions, refer to figure 1. 7. At which point - A, B, or C - is the return to physical capital lowest? Explain your answer. 5 points
emergency plz thanks 12. For the following questions refer to Figure 2. Spending C + Planned...
emergency plz thanks
12. For the following questions refer to Figure 2. Spending C + Planned 1000 500 150 75 150 1000 Income Figure 2: Aggregate Demand and Supply (a) In this economy, what is the quantity of planned investment? 5 points. (b) What is the value of the multiplier in this economy? 5 points. (c) Calculate the quantity of unplanned inventories at Y=750.5 points.
Refer to the per worker production function presented in Figure 1 on the next page. Explain what a movement from point...
Refer to the per worker production function presented in Figure
1 on the next page. Explain what a movement from point A to B
represents, and explain what a movement from point B to D
represents. Which change would be the best for sustained (long run)
economic growth?
Real GDP per hour worked Y/L Production functions 17 000 Production 16 400 function2 16 000 Production function 15 000 0 Capital per hour worked, K/L $50 000 $60 000 $70 000...
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors...
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors remaining chaped), EST indicated by 0 10 20 30 40 0 0 00 00 Physical capital per worker (2000 dollars] Use Figure above Technological Progress and Productivity Growth. If there is an increase in physical capital per worker ( a move from: 8 to toA Cto 8. O Atoa.
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors remaining chaped), ES...
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors remaining chaped), EST indicated by 0 10 20 30 40 0 0 00 00 Physical capital per worker (2000 dollars] Use Figure above Technological Progress and Productivity Growth. If there is an increase in physical capital per worker ( a move from: 8 to toA Cto 8. O Atoa.
Macroeconomics: 2. Figure: Technological Progress and Productivity Growth Real GDP per worker (constant dollars) Productivity using...
Macroeconomics:
2. Figure: Technological Progress and Productivity Growth Real GDP per worker (constant dollars) Productivity using 2010 technology $120,000 90,000 В Productivity 60,000 using 1940 technology 30,000 0 10 20 30 40 50 60 70 80 90 100 Physical capital per worker (2000 dollars) Use Figure: Technological Progress and Productivity Growth. If there is a significant increase in human capital per worker (all other factors remaining unchanged), it is BEST indicated by a move from: O A to B. O...
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...
10. Which of the following would by itself. reveal the most about a. Its level of...
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
QUESTION 1 Figure 1. On the horizontal axis, K/L represents capital (K) per worker (L). On...
QUESTION 1 Figure 1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical axis, Y/L represents output (Y) per worker (L). 972 Refer to Figure 1. The curve becomes flatter as the amount of capital per worker increases because of Diminishing Returns to Capital O Diminishing Returns to Labor. Increasing Returns to Capital. Increasing Returns to Labor. QUESTION 20 The CPI was 96 in 1982, and the CPI was 208 in 2010. How much money...
ntent attribution QUESTION 21 . 1 POINT Using the table below, calculate the GDP per capita...
ntent attribution QUESTION 21 . 1 POINT Using the table below, calculate the GDP per capita for Country B. Round your answer to the nearest dollar. Country GDP per capita GDP Population (in billions of U.S. dollars) (in millions) $1,200 350 $1,800 615 $3,680 1,250 $34,800 1,200 B с D GDP per capita (in U.S. dollars) ? ? ? ? rovide your answer below: GDP per capita = 8
GDP per worker 1250 D PC1 850 600 c B 300 A 700 800 900 Physical Capital Per Worker Figure 1: Labor Productivity For the next questions, refer to figure 1. 7. At which point - A, B, or C - is the return to physical capital lowest? Explain your answer. 5 points
emergency plz thanks
12. For the following questions refer to Figure 2. Spending C + Planned 1000 500 150 75 150 1000 Income Figure 2: Aggregate Demand and Supply (a) In this economy, what is the quantity of planned investment? 5 points. (b) What is the value of the multiplier in this economy? 5 points. (c) Calculate the quantity of unplanned inventories at Y=750.5 points.
Refer to the per worker production function presented in Figure
1 on the next page. Explain what a movement from point A to B
represents, and explain what a movement from point B to D
represents. Which change would be the best for sustained (long run)
economic growth?
Real GDP per hour worked Y/L Production functions 17 000 Production 16 400 function2 16 000 Production function 15 000 0 Capital per hour worked, K/L $50 000 $60 000 $70 000...
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors remaining chaped), EST indicated by 0 10 20 30 40 0 0 00 00 Physical capital per worker (2000 dollars] Use Figure above Technological Progress and Productivity Growth. If there is an increase in physical capital per worker ( a move from: 8 to toA Cto 8. O Atoa.
Real GDP per worker constant dollars) $123 50,000 . ..... Provy techogy 2.000 6 ther factors remaining chaped), EST indicated by 0 10 20 30 40 0 0 00 00 Physical capital per worker (2000 dollars] Use Figure above Technological Progress and Productivity Growth. If there is an increase in physical capital per worker ( a move from: 8 to toA Cto 8. O Atoa.
Macroeconomics:
2. Figure: Technological Progress and Productivity Growth Real GDP per worker (constant dollars) Productivity using 2010 technology $120,000 90,000 В Productivity 60,000 using 1940 technology 30,000 0 10 20 30 40 50 60 70 80 90 100 Physical capital per worker (2000 dollars) Use Figure: Technological Progress and Productivity Growth. If there is a significant increase in human capital per worker (all other factors remaining unchanged), it is BEST indicated by a move from: O A to B. O...
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...
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
QUESTION 1 Figure 1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical axis, Y/L represents output (Y) per worker (L). 972 Refer to Figure 1. The curve becomes flatter as the amount of capital per worker increases because of Diminishing Returns to Capital O Diminishing Returns to Labor. Increasing Returns to Capital. Increasing Returns to Labor. QUESTION 20 The CPI was 96 in 1982, and the CPI was 208 in 2010. How much money...
ntent attribution QUESTION 21 . 1 POINT Using the table below, calculate the GDP per capita for Country B. Round your answer to the nearest dollar. Country GDP per capita GDP Population (in billions of U.S. dollars) (in millions) $1,200 350 $1,800 615 $3,680 1,250 $34,800 1,200 B с D GDP per capita (in U.S. dollars) ? ? ? ? rovide your answer below: GDP per capita = 8
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