Source of total-factor productivity growth

Assignment Help Business Economics

Reference no: EM13833199

The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year.

(a) If R&D is the only source of total-factor productivity growth what is the growth rate of total factor productivity in the United States?

(b) If the growth rate in output per person is 3.0% per year what is the value of in the Cobb-Douglas production function?

Reference no: EM13833199

Questions Cloud

What is balance of work-in-process account at end of month : Calculate the amount of manufacturing overhead that would have been charged to each job during the month. Calculate the unit cost of jobs 101 and 102. What is the balance of Work-in-Process account at the end of the month?

What is jennifers annual salary : Jennifer Kent receives 24 paychecks each year. Each check is for $863.50. If this is the amount of her check before deductions, what is Jennifer's annual salary?

When the government imposes a price floor : When the government imposes a price floor above the market price, the result will be that:

What is the present value of these future profits : A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?

Source of total-factor productivity growth : The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year. If R&D is the only source of total-factor productivity growth what is the growth rate o..

Define values morals and ethics in the context of obligation : What personal, cultural, and spiritual values contribute to your worldview and philosophy of nursing? How do these values shape or influence your nursing practice? Define values, morals, and ethics in the context of your obligation to nursing practic..

Elements of the trade cycle as major bullet points : We know that Keynes and Minsky both had a multipoint description of the trade, or business, cycle with Minsky being more detailed than Keynes. Using Keynes' elements of the trade cycle as major bullet points, as-sign Minsky's elements of the business..

What kind of analysis would you carry out : What are the problems facing Jason Mah and the Cafe D. Pownd - what are Mah's constraints and construct a process-flow diagram for the Café D. Pownd.

Businesses will undertake all investment projects : According to the Keynesian view “Businesses will undertake all investment projects for which the expected rate of profit equals or exceeds the interest rate.” Explain what this means.

User Account

All Pages