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Suppose labor's share of GDP is 70 percent and capital's is 30 percent, total factor productivity is growing at an annual rate of 2 percent, the labor force is growing at a rate of 1 percent, and the capital stock is growing at a rate of 3 percent. What is the annual growth rate of real GDP?
Calculate the CPI and SPI and explain the message they give the program manager.
The demand function for a good is Q = 200 - 10P where Q is the quantity and P is the price. Calculate the price elasticity of demand at prices of $5, $10, and $15
Suppose that the current market price of VCRs is $300, that average consumer disposable income is $30,000, and that the price of DVD players (a substitute for VCRs) is $500. Under these conditions annual U.S. demand for VCRs is 5 million per year.
Calculate the standard enthalpy change for this reaction assuming that the enthalpy is constant. What is the entropy change at 600 K?
Analyze the message delivered by each of your visual media items. Foreachitem, respond to the following questions in complete sentences. Cite evidence from the resource and the lesson to justify your responses.
A firm has the production function Q = K0.4L0.6 . The wage is $60, and the rental rate of capital is $20. Find the firm's long-run expansion path.
(GDP Price Index)The health expenditure component of the GDP price index has been rising steadily. How might this index be biased by quality and substitution effects? Are there any substitutes for health care?
Consider the following setup for problems #16-#20: C = 1000 + 0.7(Y - T), I = 400, NX = 300 - 0.2Y, G = 10001.) What are the marginal propensities to consume and to import, respectively 2.) Suppose taxes are 1000, then what is the level of equilibriu..
How does the increase affect the equilibrium interest rate?
Silicon is etched in plasma according to reaction Si (s) + 2Cl2 (g) → SiCl4 (g). What is the theoretical maximum etch rate of a 200 mm diameter silicon wafers when chlorine flow is 100 sccm (standard cubic centimetres per minute)?
A man walks along a guide at a constant velocity υ on a disk in the vertical direction in Fig. P5.2 while the disk rotates at a constant angular velocity ω. Find the inertial force acting on the man at the position shown.
Mike buys a corporate bond with a face value of $1000 for $900. The bond matures in 10 years and pays a coupon interest rate of 6%. Interest is paid every quarter. A). Determine the effective rate of return if Mike holds the bond maturity.
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