Determine worker productivity increase rate

Assignment Help Econometrics
Reference no: EM13187024

Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures?

Reference no: EM13187024

Questions Cloud

Find the number of decibels for the power of the sound : Find the number of decibels for the power of the sound. Round to the nearest decibel.
Development of microchip technology : Identify three key steps (innovations) in the development of microchip technology. In each case explain how the innovation has transformed people's work, life and/or leisure.
How tall will it be in 27 years : If the tree was 7 feet tall when it was planted, how tall will it be in 27 years? Round your answer to two decimal places.
How long will it take for the two trains to meet : Two trains leave stations 408 miles apart at the same time and travel toward each other. One train travels at 95 miles per hour while the other travels at 75 miles per hour. How long will it take for the two trains to meet.
Determine worker productivity increase rate : Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures
Task-oriented department mostly administrative in nature : What do you think are the risks involved (to HR, the organization as a whole) if HR does not make this a priority and instead remains a purely task-oriented department mostly administrative in nature?
What rate of increase in rgdp : Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures
Describe the long-term productivity in the united states : Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- and/or long-term productivity in the U..
What type of research design is professor grant using : Professor Rashad is interested in studying cognitive development. He collects and compares data from a group of 6-year-olds and a group of 10-year-olds. Five years later, he compares these two groups to each other again as well as to their own perfor..

Reviews

Write a Review

Econometrics Questions & Answers

  Determine how many workers company should hire

The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.

  Question about the regression results

Wilpen Corporation, a price setting company, manufactures nearly 80% of all tennis balls purchased in the US. Wilpen estimates the US demand for its tennis balls by using the following linear specification:

  Identify the preferred project according to the criterion

An individual is considering two investment projects. Project A will return a zero profit if conditions are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return a profit of $2 if condi..

  Determine the price elasticity of demand for heroin

The price elasticity of demand for heroin is .27. Suppose that half of the existing heroin users support their habits with property crime. Further, the loss from property crimes committed by heroin users equals half of the total spending (total r..

  Calculate the coefficients for cross-price with soda pop

a) Calculate the coefficients for price, advertising, income and cross-price with soda pop. b) If the current company cost for a bag of popcorn is $0.45, including cost of corn, cost to pop it and the bag, is this the profit maximizing price?

  Explain problems of adverse selection in rural credit market

Suppose instead that you (the lender) have no information on the type of borrower and you have to charge a single interest rate to all borrowers. Also assume that the probability that you will end up with each type of borrower is equal (e.g. 1/3 ..

  What are the three policy lags

go to FRED and search for UNRATE and compare the most recent unemployment rate to the rate associated with full employment as defined by the series NROU on FRED. Note that NROU is quarterly data so match the quarter with the most recent unemployme..

  Compute the amount of each of the 12 payments

A person arranges to repay a a$1000 bank loan in 10 equal payments at a 10% annual interest rate. Immediately after his third payment he borrows $500, also at 10% annual interest rate. When he borrows the $500, he talks the banker into letting him..

  Define negative relationshp between gross domestic product

Compute the discount factor 1/(1+r)^t for r=1, 5, or 10 perent interest rates and t=30 and 50 years. remember that 1 percent is .01. based on your computation, is teh choice of discount factor important for deciding whether to do somehtinga bout..

  Determination for a regression relationship

The coefficient of determination for a regression relationship defined through Y = a + bX is 81 percent.

  Profit maximization and shareholder wealth maximization

Explain difference between profit maximization and shareholder wealth maximization and determine which of these is a more comprehensive statement of a firm's economic objectives?

  What are the values of coefficient of determination

There is a belief that a person's performance on the GMAT (entrance exam to get into graduate school) can be predicted by their undergraduate GPA. Based on regression analysis what are the following values, (Round to three decimal places; put it ..

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!

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