Homework Answers
7. Real GDP per capita = Real GDP / Total Population
= 15.401 / 31
= 0.4968 or (0.50 Million $)
8. last year saving = 200 $
this year saving = 217 $
Percentage growth = this year saving / last year - 1 * 100
= 217 / 200 - 1 * 100
=0.085 * 100
=8.5 %
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Canvas > x C @ B. Average Labor Productivity "Share of Population employed Total Labor Productivity...
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average...
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average labor productivity capita 92008 Germany $13,993 $20,801 0330.49 Japan $13,163 $22,816 048 051 1979 1979 2008 1979 2008 Flag Consider the table above containing data for Germany and Japan on the real GDP per capita and the ratio of employment to population in 1979 and 2008. Using data from the table find the average labor productivity for each country in 1979 and in 2008...
Assume that the share of population employed in all countries is 50%. Based on the information...
Assume that the share of population employed in all countries is 50%. Based on the information below, which country has the smallest real GDP per capita? CountryPopulation (millions)Average labour productivity (S) 100 150 75 250 95 2000 10 000 25 000 50 000 60 000 Select one: a. Country B b. Country A c. Country D Od. Country C
Given that Labor Force is 120M workers, the capital stock is 32 B, and total productivity...
Given that Labor Force is 120M workers, the capital stock is 32 B, and total productivity is 2933.71 A. If production function is Y=AK1/4L3/4, What is real GDP b. What is MPL c. What is MPK d. If labor force increase 130 M workoers, what will happen to real GDP c. Graph the production function, with capital on the horizontal axis, and use your graph to explain the different effect of doubling force and doubling total factor productivity.
uestions 11-13 Consider the Romer model with the following parameter valu workers employed in research activities i...
uestions 11-13 Consider the Romer model with the following parameter valu workers employed in research activities is 25%, research produ the workforce equals 200. Take year 2020 as the starting date. Calculate the innovation rate () and answer the your calculations. arameter values: A0-100, the share of research productivity is ze 1/1,000 and Question 11. Which of the following statements is correct ab 2025? ollowing question. Use two decimals in acements is correct about the economy in year a) The...
Table 23.1: Real GDP, Population and the Civilian Labor Force Statistics Labor Force | Real GDP...
Table 23.1: Real GDP, Population and the Civilian Labor Force Statistics Labor Force | Real GDP Population Participation Unemployment Year (in Billions $) (in Millions) Rates (%) Rates (%) 1,019.00 110.000 0.750 5.00% 1,020.00 111.000 0.756 6.00% 1,030.00 112.000 0.788 6.5096 1,035.00 113.000 0.769 7.0096 millions, and the percentage change in 26) In Year 4, according to Table 23.1, the total employed workers were_ per-capita income was -percent, respectively. A) 80.61; 3.50 B) 78.22; 0.33 C) 80.81; minus 0.40 D)...
Suppose that you are given the following information Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults...
Suppose that you are given the following information Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 miliion 265 million 6 million a "e labor force participation rate is 71.0%, calculate the size ofthe labor forcer lmaon b Determine the number of Employed adults million. (Enter your response rounded to one decimal place) e caculate te Unemployment rate [ % (Enter your response as a percentage rounded to two decimal places ) (Enter your response rounded to one decimai place.)...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product?...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product? O A. Farmer Freddie sells his second tractor to his son. B. Suzanne buys a love seat and chair for $85 at the yard sale on the corner. O c. A local ice cream store sells $17,000 worth of cones and sundaes on July O D. Mr. Farkle mows his own lawn. 6 Which of the following is not counted as a part of...
QUESTION 1 A country has 120 million population, 100 million in labor force, 90 million are...
QUESTION 1 A country has 120 million population, 100 million in labor force, 90 million are employed. What is the unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) Then a month later, 5 million people gave up looking for jobs. What is the new unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) For example, if your calculation is 10.192374%, put in your answer as 10.19 For example, if...
I need help with c the rest are correct A What percentage of total output is...
I need help with c the rest are correct
A What percentage of total output is received by the richest 10
percent of households? 52
b. How much output did this share amount to in 2017, when
Namibia’s GDP was $15 billion?
7.8 billion
c. With a total population of 2.5 million, what was the implied
per capita income of
(i) The richest 10 percent of the
population?
(ii) The remaining 90 percent?
World View: Glaring Inequalities Inequality...
QUESTION 7 3 points Save Answer Suppose last year, there are 101 million people employed in...
QUESTION 7 3 points Save Answer Suppose last year, there are 101 million people employed in the economy. The total population last year was 234 and the unemployment rate was 2.596. How many millions of people are not in the labor force? Round your answer to 2 digits after the decimal point. Leave out the unit of measurement that is, if your answer is 1.23 millions, type 1.23, not "1.23 millions", not 1.230.000. QUESTION 8 3 points Save Answer Suppose...
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average labor productivity capita 92008 Germany $13,993 $20,801 0330.49 Japan $13,163 $22,816 048 051 1979 1979 2008 1979 2008 Flag Consider the table above containing data for Germany and Japan on the real GDP per capita and the ratio of employment to population in 1979 and 2008. Using data from the table find the average labor productivity for each country in 1979 and in 2008...
Assume that the share of population employed in all countries is 50%. Based on the information below, which country has the smallest real GDP per capita? CountryPopulation (millions)Average labour productivity (S) 100 150 75 250 95 2000 10 000 25 000 50 000 60 000 Select one: a. Country B b. Country A c. Country D Od. Country C
uestions 11-13 Consider the Romer model with the following parameter valu workers employed in research activities is 25%, research produ the workforce equals 200. Take year 2020 as the starting date. Calculate the innovation rate () and answer the your calculations. arameter values: A0-100, the share of research productivity is ze 1/1,000 and Question 11. Which of the following statements is correct ab 2025? ollowing question. Use two decimals in acements is correct about the economy in year a) The...
Table 23.1: Real GDP, Population and the Civilian Labor Force Statistics Labor Force | Real GDP Population Participation Unemployment Year (in Billions $) (in Millions) Rates (%) Rates (%) 1,019.00 110.000 0.750 5.00% 1,020.00 111.000 0.756 6.00% 1,030.00 112.000 0.788 6.5096 1,035.00 113.000 0.769 7.0096 millions, and the percentage change in 26) In Year 4, according to Table 23.1, the total employed workers were_ per-capita income was -percent, respectively. A) 80.61; 3.50 B) 78.22; 0.33 C) 80.81; minus 0.40 D)...
Suppose that you are given the following information Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 miliion 265 million 6 million a "e labor force participation rate is 71.0%, calculate the size ofthe labor forcer lmaon b Determine the number of Employed adults million. (Enter your response rounded to one decimal place) e caculate te Unemployment rate [ % (Enter your response as a percentage rounded to two decimal places ) (Enter your response rounded to one decimai place.)...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product? O A. Farmer Freddie sells his second tractor to his son. B. Suzanne buys a love seat and chair for $85 at the yard sale on the corner. O c. A local ice cream store sells $17,000 worth of cones and sundaes on July O D. Mr. Farkle mows his own lawn. 6 Which of the following is not counted as a part of...
QUESTION 1 A country has 120 million population, 100 million in labor force, 90 million are employed. What is the unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) Then a month later, 5 million people gave up looking for jobs. What is the new unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) For example, if your calculation is 10.192374%, put in your answer as 10.19 For example, if...
I need help with c the rest are correct
A What percentage of total output is received by the richest 10
percent of households? 52
b. How much output did this share amount to in 2017, when
Namibia’s GDP was $15 billion?
7.8 billion
c. With a total population of 2.5 million, what was the implied
per capita income of
(i) The richest 10 percent of the
population?
(ii) The remaining 90 percent?
World View: Glaring Inequalities Inequality...
QUESTION 7 3 points Save Answer Suppose last year, there are 101 million people employed in the economy. The total population last year was 234 and the unemployment rate was 2.596. How many millions of people are not in the labor force? Round your answer to 2 digits after the decimal point. Leave out the unit of measurement that is, if your answer is 1.23 millions, type 1.23, not "1.23 millions", not 1.230.000. QUESTION 8 3 points Save Answer Suppose...
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