Find the growth rate of total factor productivity

Reference no: EM1370575

1. If tax revenues equal $100 billion, government spending equals $130 billion, and the government borrows $25 billion, how much do you expect the money supply to increase given the government constraint?

2. Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%. What is the growth rate of total factor productivity?

14. What is the growth rate for an economy in which TFP grows at a rate of 3 percent per year, the size of the labor force is unchanged, the capital stock grows at a rate of 2 percent per year, and labor and capital each account for 50 percent of output?

Reference no: EM1370575

Questions Cloud

Cutthroat competition, oligopoly and collective bargaining : Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.

Monopoly-its effect on society : There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:

Explain prudent policy to protect datafrom corruption-theft : The opposing require to protect this data (from corruption and theft) which typically means controlling access to much/all of the data? What policy is prudent here?

Define what leadership does to promote social responsibility : Explain what leadership does to promote social responsibility and how this ties to ethics and the organizational culture of the company.

Find the growth rate of total factor productivity : Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.

Find mean or median salaries statistic : Which statistic would this company's labor union representative be most likely to cite during contract negotiations and why? Which statistic would the company president most likely report at the annual shareholders' meeting and why?

Determine the future market condition and trends analysis : On the industry for Goldmans Sach overview following refined topical areas determine the Future market condition and trends analysis for the following?

Example of price discrimination for good or service : Provide an example of the price discrimination for good or service which you thought it to unfair. Do you still believe that the discrimination is unjustifiable.

Create alternative message which has hash value : Generates the alternative message which has a hash value which collides with Bob's original hash value. Illustrate a message that Alice may have spoofed, and demonstrate that its hash value collides with Bob's original hash.

User Account

All Pages