Series of studies of economic growth

Assignment Help Macroeconomics
Reference no: EM13926040

In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensus emerged later that _____ helped explain this gap.

a. technological change

b. measurement error

c. inaccurate price deflation

d. labor improvement

Reference no: EM13926040

Questions Cloud

How much does education affect wage rates : Conduct a simple linear regression analysis to examine the relationship between 'education' (the independent variable) and 'wage' (the dependent variable). Using the Excel data file, prepare a 2000 word report.
Describe what happens to q and to investment in response : Specifically, on date s, a coin will be flipped to decide whether to keep the tax rate constant or to raise it. If it is decided to raise taxes, the change will take place immediately. Describe what happens to q and to investment in response to th..
Breasts and axillae: inspect breasts abnormal findings : -marked asymmetry?-rapid changes in size of one could indicate inflammatory process or growth?-dimpling, retraction, or bulging could indicate a malignancy?-inflammation may cause surface erythema and heat
Calculate measurements of central tendency and dispersal. : Determine confidence intervals for data.
Series of studies of economic growth : In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensu..
What is the field of consulting : Tasks: In this module's discussion, answer the following: Based on an organization you are familiar with, identify one project that would be suited for help from an outside consultant
Find the approximate risk-free rate : Consider an option that expires in 68 days. The bid and ask discounts on the Treasury bill maturing in 67 days are 8.20 and 8.24, respectively. Find the approximate risk-free rate.
What is the purpose : What is the purpose of the W-2 form?
Work out conditions under which a country will choose to emu : Suppose a country has a different target level of output than the ECB. Further assume that a country which decides to leave the EMU pays some annual cost C in units of the loss function (this may be lost trade, fines, lost prestige, etc.) Work out..

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Explain an individuals'' inverse demand

If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute the number of women's underwear.

  Illustrate what does the fundamental assumption of marginal

Illustrate what does the fundamental assumption of marginal utility theory suggest about the connection between money and happiness.

  What leads you to believe this

Is there a good or service you purchase currently that is sold in something close to a perfectly competitive market?

  Explain why do economists believe that the cpi

Explain why do economists believe that the CPI overstates the rate of inflation

  Desired consumption is cd 100 08y - 500r - 05g and

desired consumption is cd 100 0.8y - 500r - 0.5g and desired investment is id 10 - 500r. real money demand is mdp y

  Explain the meaning of elasticity of demand

Suppose15 percent increase in the price of airlines causes a 10 percent decline in the quantity demanded then what is the elasticity of demand for airlines.

  What sort of shift in supply or demand results equilibrium

Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.What sort of shift in supply or demand would result in a market equilibrium with higher prices and sale..

  Relationship between japan and korea unemployment

Discuss and explain the relationship between Japan and Korea's unemployment? What Trends do you see in the information set?

  Does the indifference curve intersect either axis

A consumer has preferences over goods x and y. The utility function is U=sqrtx + sqrty. The marginal utilities are MUx=1/(2sqrtx) and MUy=1/(sqrty). Calculate MRS and determine if it is diminishing for this utility function. Does the indifference ..

  What is the difference between a change in the quantit

The energy Department estimates that domestic demand for natural gas will grow by more than 40 percent between now and 2025. Distinguish between a demand function and a demand curve.

  Could anyone find out how the consumer price index

Could anyone find out how the Consumer Price Index (CPI), the primary measure of inflation used by the government, is calculated. Why might this method not reflect the real cost of living increase for the average person.

  What kind of tax is it

Imagine a sales tax rate is 3%. This tax rate isthe same on all purchases. The tax is not considered aproportional tax. If it is not considered a proportional tax,what kind of tax is it? Explain your answer. Use anumerical example to prove your answe..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd