Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose we know that output in the economy is given by the production function: YttKt1/2Lt1/2. If total factor productivity (A) is growing at a rate of 1.5% per year, the capital stock (K) by 2%, and the labor supply (L) by 1%,
a. Calculate long run growth in output per worker (Y/L) for this economy.
b.This economy has capital growing faster than labor. While labor growth is mostly driven by population dynamics, firms in an economy do have some control over how fast capital stock grows. Do you think an economy will continue to grow capital faster than labor indefinitely? Why or why not?
c. What would happen to the growth rate of output per worker if capital growth slowed to 0.5% a year while labor continued to grow at 1% (and TFP still grows at 1.5%)?
d. What long run growth rate do you think this economy will eventually move towards over time? Explain your answer.
Provide a graph and explanation of the Argentine crisis of 2001-2002. Include a discussion of the “vicious circle” into which Argentina descended as it defended its peg to the US$, including the role of the IMF and the government budget deficits. Why..
q1. what would be the production possibility frontiers for brazil and the united states? without trade the united
Statements best describes the twelve Federal Reserve Banks - When the Federal Reserve buys U.S. government securities on the open market. this tends to bank reserves and the money supply
Using the Mundell-Fleming diagram dealing with internal balance (IB) and external balance (EB), explain what is meant by effective policy instrument choice, being careful to identify clearly the critical elements of the diagram. Why is the EB curve p..
Assume that the production of scissors is represented by q = 6*(K*L)1/2 . In the SR, K is fixed at 144. The rental rate (v) is 25, and the wage rate (w) is 10. What is the STC function in terms of q? Using your equation in part (a), what are the fix..
Why do classical economists and Keynesian economists agree on the long-run effects of a fall in aggregate demand but not on the short-run effects?
Probabilities of A and B performing successfully for 1,500 times are .96 and .92, respectively, and are independent. What is probability that product will operate properly 1,500 or more times.
How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?
Consider the Law of Demand, the Law of Supply, and the Price Elasticity of Demand. Explain how a solid understanding of these, when combined, can help a business improve its performance (e.g. increase sales revenue).
Convert this into a truth table. All the brand values are related to psychological feelings of the consumers. If the seller is able to maintain good brand value in the minds of the consumers, they will definitely lead the market.
How much have global trade and global production (gross national income) grown since World War II? What parts of the world economy have grown fastest in the last 20 years? (Be able to name some countries)
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd