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

discuss the implications of various market structures(competitive and non-competitive) for price determination

Time Value of Money The time value of money is the price or value placed on time. It is commonly thought of as the opportunity cost related with a particular investment. Money

what is the basis of marginal utility

Functions and Resources of the Bank  The main functions of the Bank are as follows: •  to assist in reconstruction and development of the territories of it member-governmen

Q. Explain Capital Adequacy? Capital Adequacy: Capital adequacy rules are loose regulations which are imposed on private banks, in hope of ensuring that they have adequate inte

What are the advantages and disadvantages of monopsony?

FIXED EXCHANGE RATE SYSTEM: National currencies are generally acceptable within the geographical boundaries of a country. As such, trade between countries typically involves

what is the use of models in economics?

The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li