The nations technology and resource productivity

Assignment Help Business Economics

Reference no: EM13853428

A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. It has experienced no growth in its population or in the amounts of other productive resources during the past year. In addition, the nation's technology and resource productivity have remained unchanged during the past year. Will the nation's economic growth rate for the current year be negative, zero, or positive?

Reference no: EM13853428

Questions Cloud

Illustrates the consumers budget constraint : Suppose that doctors' visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors' visits and a "composite good" that costs $1 per unit. Draw a graph that illustrates the consumer's budget constrai..

Expect to happen to the demand for credit cards : What would you expect to happen to the demand for credit cards by students? What would you expect to happen to the quantity of credit cards issued to students? To the willingness of students to incur debt at the much higher rates of interest charged ..

(consumption-investment-government expenditures : A farmer sells cotton to a clothing company for $1,000 and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. How much did GDP increase a result of these transactions? Category Amount:: Durable Goods $..

What is the present worth should you purchase this machine : A machine costs $50,000, and increases revenues by $18,000 per year. However, O&M costs increase by $4,000 per year. The machine lasts 6 years and your MARR is 7% annual rate compounded annually. What is the Present Worth (or Net Present Value) and s..

The nations technology and resource productivity : A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. It has experienced no growth in its population or in the amounts of other product..

Evaluate the roles of population density : Describe the opportunities and challenges posed by the diversity of the U.S. population. Evaluate the roles of population density and where people live in U.S. politics.

Discuss your price elasticities for such products : Describe and discuss your price elasticities for such products and discuss the movement of your demand for such a good when the price of that good rises. Share with your classmates whether your demand for the selected good is elastic, unit elastic, o..

Petroleum production as their primary economic activity : Describe at least TWO of the positives and TWO of the negatives associated with drilling in North Africa and Southwest Asia. They are relying on petroleum production as their primary economic activity.

Is globalization a good move for the company : As you finalize the project deliverable, the marketing plan, complete the following: Is globalization a good move for the company? What is your rationale behind this decision

User Account

All Pages