Examples of changes that caused technology
Course:- Business Economics
Reference No.:- EM13795701

Assignment Help
Assignment Help >> Business Economics

For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Give some examples of changes that caused technology (broadly conceived) in China to rise during this period. Over the next half century, do you expect the rate of technological improvement (broadly conceived) in the two countries to become more similar or more different (relative to 1980-2010)? Why?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Given our still currently high unemployment rate (by historical standards) and low inflation rate, argue "for or against" a Supply-Side policy focus versus a Demand-Side polic
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
The market is in long-run equilibrium. What market structure best describes the pizza market in this town? Explain. What is average variable cost at this output level for each
Few years back, HP launched four new computer models aimed at the Chinese and Indian consumer markets to create loyal customers as these markets emerged. Using penetrating pri
You may not have heard of the radio as a media before this course, but it is, essentially, any data communication that takes the form of broadcast through the air. How do ea
A bank has issued a six-month, $2 million negotiable CD with a 0.52 percent quoted annual interest rate. Calculate the bond equivalent yield and the EAR on the CD. How much wi
Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance. To encourage more people to get a check-up, t
The Economist magazine uses the price of a Big Mac to determine whether a currency is under-valued or overvalues. In July 2012, the price of a Big Mac was $4.33 in New York, 1