Expect the rate of technological improvement

Assignment Help Business Economics

Reference no: EM13837008

For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Give some examples of changes that caused technology (broadly conceived) in China to rise during this period. Over the next half century, do you expect the rate of technological improvement (broadly conceived) in the two countries to become more similar or more different (relative to 1980-2010)? Why?

Reference no: EM13837008

Questions Cloud

Assume that total sales in the industry : Suppose the market for good X has a four-firm concentration ratio of 0.50. Furthermore, assume that total sales in the industry are $1.2 million. Based on this information, we know that sales for the largest four firms in the industry equal (in aggre..

Country pursues an expansionary fiscal policy : Capital mobility is fairly low, so the Fe curve is less shallowly sloped than the LM curve. The currency floats. What will happen if the country pursues than the LM curve. The currency floats. What will happen if the country pursues an expansionary f..

What about the real interest rate in the final market : The Chairwoman of the Federal Reserve has announced in her last conference that if the labor market continues to show signs of improvement they will continue with the tapering process and eventually the increase in the benchmark interest rate. How th..

What is the new level of output and interest rate : Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..

Expect the rate of technological improvement : For the period 1980-2010, how did the rate of growth of per capita GDP in China compare to that in the US? How did the rate of growth of technological improvement (broadly conceived) in the two countries compare? Over the next half century, do you e..

Model of educational attainment : Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..

Examples of transactions that are part of net capital flows : Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were their net capitals flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter ..

Calculate the economic order quantity for plumbing supplies : Under its present policy of purchasing 5,000 sinks per order, what is Plumbing Supplies total annual inventory cost? Calculate the Economic Order Quantity for Plumbing Supplies Inc.

Assumed that the costs of acquiring an education : In the typical signaling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur i..

User Account

All Pages