Question

please answer all 3 correctly.

The moral of the story of the Solow growth model is that: human capital growth does not lead to economic growth. capital accumulation alone cannot lead to sustainable economic growth. capital accumulation is the key to sustained economic growth. technological advance cannot sustain continuous economic growth.

Answer 1

Answers

The moral of the story of the solow growth model is that:

Capital accumulation alone cannot lead to sustainable economic growth because solow growth model explains how population growth, technological progress and capital accumulation affects the level of output and growth of the economy.

Which of the following lists the functions of money?

medium of exchange, store of value, and unit of account because medium of exchange means any amount of goods and services can be purchased from money. Store value of money means wealth can be hoarded in the form of money like people can save money from their income to be used in future. Unit of account means value of goods and services can be expressed in terms of money for example the value of a candy is rupees 2. Therefore, it becomes easier for humans to compare two goods on the basis of the value.

Answers Suppose you want to realize a future value of $150,000 years you make. The average return is 8.75% What will be the present investment annual value on an in 30 rate of investment ? your Present Value (PV) Future Value (FV) (+7) $150,000 8.75,1 Future value 7 n = 30 PV - 150,000 (17 0.0875)30 150,ooo 12.384 = 12, 112 (approx) PV - $ 127,12.