+1-415-670-9189
info@expertsmind.com
Populations tend to grow over time
Course:- Microeconomics
Reference No.:- EM13700137




Assignment Help
Assignment Help >> Microeconomics

Populations tend to grow over time, meaning there are more workers. In order to maintain a constant level of worker productivity, the total amount of capital available to them must:

a. increase at a rate at least equal to population growth.

b. decrease slightly, as this will motivate employees to work harder.

c. increase at a rate less than the rate of population growth.

d. increase at a rate equal to the rate of inflation.

e. stay constant over time, as inflation and population growth tend to cancel each other out.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Discuss how each party uses information about economic growth, jobs, and inflation to support their respective positions. State which party you believe is most objective in
Inflation is the rate at which the average level of prices is rising. In the U.S. the inflation rate is most often measured by the annual percentage rate of increase in the Co
A farmer is deciding between planting several vegetable (or fruit) crops on a 225-acre farm. Based on the annual profits per acre returns for lettuce, tomatoes, peppers, and
Describe closed and open economy goods market. Determine which account of the Balance-of-Payments is affected by each of the following transactions and the impact on the mark
Suppose the Demand for baseballs is given by Q = 200 - 8P. a) What is the price elasticity of demand when P = 6? b) At what price will Total Revenue be maximized? c) What is t
Consider an economy with three productive sectors: mining and farming; manufactur- ing; and retailing. Manufacturers produce goods each year with a sale value of 500. They s
Suppose a freeze in Florida destroys part of the Florida orange crop. a. Explain what happens to the price of oranges and the marginal product of orange pickers as a result of
Imagine a hypothesized macroeconomy that begins in its long-run equilibrium position - What are the key elements in the natural resource endowment and in the social-political