User Account

All Pages

Drastic difference between north korea and south korea

Assignment Help Macroeconomics
Reference no: EM132560071

Question 1: The two Koreas, North and South Korea, are shown in a satellite photo taken at night, Bright areas show where there are artificial lights, and dark areas show where there are no "night lights." In North Korea, the majority of the country is dark at night meanwhile South Korea shows bright electric lights almost everywhere.

What could have determined this drastic difference between North Korea and South Korea? Please explain succinctly using the Growth Model. Do not include unnecessary information.

Question 2: According to "All time box office rank", Avengers: Endgame is 2019 holds the highest all-time gross at $2.7 billion. Box office gross is calculated by multiplying the number of tickets sold times the price of the ticket.

However, your great uncle said, "No, that's not true, when I was young, everyone went to see Star Wars back in 1977. I am sure that the original Star Wars movie sold more tickets than Avengers Endgame."

It turns out that your grandpa was right. Explain succinctly why. Do not include unnecessary information.

Question 3: At the end of 2009, the unemployment rate in the US was 9.9 percent and the labor force participation rate was 63 percent. In mid 2010, the unemployment rate was still at 9.9 percent, however, the labor force participation rate went up to 65.2 percent.

Many economic analysts were saying that the US economy was recovering, as the antiplation for a labor market recovery was high.

Why was the economy recovering when the unemployment rate stayed at the same rate of 9.9 percent? Explain succinctly. Do not include unnecessary information.

Question 4: Starting in 2013, Colorado legalized cannabis usage. In 2020, 34 states have legalized use of medical cannabis, and the 11 other states and Washington DC allow recreational cannabis usage.

Many people have argued that cannabis legalization will increase a state's GDP. One piece of evidence was that in Colorado, when recreational cannabis usage was legalized in 2o13, Colorado's GDP increased by 5.4 percent while the US GDP growth was 1.8 percent.

How does cannabis legalization increase GDP? Explain succinctly with the GDP calculation in mind. Do not use unnecessary information.

Reference no: EM132560071

Questions Cloud

Calculate the depreciation expense per year : The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $56,000. Calculate the depreciation expense
What is the comparable coupon rate for a us bond : European bonds pay coupons annually, What is the comparable coupon rate for a U.S. bond (semiannual coupons) assuming all other factors are equal?
Explain the importance of information security policies : Explain the importance of information security policies and the role they play in ensuring sound and secure business information. Think about how you would.
How retained profits affect the consolidated statement : How Retained profits b/f, Preference dividends paid & Ordinary dividends paid affect the Consolidated Statement of Profit or Loss
Drastic difference between north korea and south korea : What could have determined this drastic difference between North Korea and South Korea? Please explain succinctly using the Growth Model.
What steps taken to prevent perpetrating such an offense : David Doe is a network administrator for the ABC Company. David is passed over for promotion three times. He is quite vocal in his dissatisfaction.
Long-term growth of potential gdp : Measured as the long-term growth of potential GDP, how has economic growth in the United States changed over the decades since 1962?
Prepare the statement of profit or loss of mango stores : Prepare the Statement of Profit or loss of Mango Stores for the year ended 31 December 2019. Prepare the Statement of Financial Position
Explain the impact these laws-treaties and acts : Explain the impact these laws, treaties, acts, and governing bodies have on their business. Differentiate it with their business in the United States.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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