growth, Economics, Microeconomics

During a given interval a nation''s overall productivity grows at a compounded rate of 2%. Its population growth rate and degree of labor-force participation do not change over this time span. The nation accumulates new capital at a compounded rate of growth of 1%, and the coefficient governing the proportionate increase in real GDP production in response to a proportionate rise in the amount of capital is equal to 0.3. What is the compound growth rate of real GDP at this time?
Posted Date: 2/1/2012 11:31:26 PM | Location : United States







Related Discussions:- growth, Economics, Assignment Help, Ask Question on growth, Economics, Get Answer, Expert's Help, growth, Economics Discussions

Write discussion on growth, Economics
Your posts are moderated
Related Questions
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Pollutant Any substance, species produced either by a natural source or by human activity, which produces very adverse effect on the environment is called pollutant. Some commo

negative slope on ppf represents what?

Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe

what is the buying power of one''s income?

Estimating and Predicting Cost * Estimates of future costs can be obtained from a cost function, which relates cost of production to level of output and other variables which t

true or false ,It is not possible for the compensated own price elasticity to equal the uncompensated own price elasticity.uestion #Minimum 100 words accepted#

Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.