User Account

All Pages

Calculate the capital per worker

Assignment Help Business Economics
Reference no: EM133132679

Introduction to Economic Growth 3rd Edition by Charles I.Jones (2013)

The Basic Solow Model

Q4)For an economy the following data set is given:

Investment (Saving) rate : 9.5%

Population growth rate : 1.3%

Depreciation rate : 5% the"α" parameter of Cobb-Douglas type of production function = 0.6

a) Calculate the "capital per worker" at the steady state

b) Calculate the "output per worker" at the steady state

c) Calculate the "consumption per worker"

d) Draw a generic original Solow diagram for this economy and place/indicate all the corresponding numerical values of the variables on the diagram based on your calculated findings

Reference no: EM133132679

Questions Cloud

Describe the significance of opportunity cost : Q1. Describe in your own words what the study of economics involves. In order to achieve maximum marks, you should include examples from the course content, rea
Career in policing and law enforcement field : You will choose a career in the policing and law enforcement field, and focus on the functions, responsibilities
Evaluating a client with asthma in the community : When evaluating a client with asthma in the community, environmental and psychosocial factors should be included in the assessment.
What specific timing issues come into play : What specific timing issues come into play when the auditor tries to determine the true value of accounts payable
Calculate the capital per worker : a) Calculate the "capital per worker" at the steady state b) Calculate the "output per worker" at the steady state
What is the stock current price : The required rate of return is Is = 10.5%, and the expected constant growth rate is g = 6.5%. What is the stock's current price
Identify the most likely aetiology of freds cva : Identify two other risk factors that Fred has that may contribute to a CVA and Identify two other risk factors that Fred has that may contribute to a CVA
How much is the equity of gene in the partnership : On the date of the retirement, the drawing account if Gene in the amount of P5,000. How much is the equity of Gene in the partnership on the date of retirement
What is the non-controlling interest in profit of S Company : Goodwill had been impaired and should be reported at P6,000 on December 31, 2018. What is the non-controlling interest in profit of S Company

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd