For each economy compute the growth rate of TFP

Assignment Help Business Economics

Reference no: EM131071614

Consider the following statistics for some economies. Assume the exponent on capital 1/3 and that labor composition is unchanged. For each economy compute the growth rate of TFP

a) A European Economy: Growth rate of output=0.03, Contribution from the growth of capital per hour worked by labour force=.03

b) A Latin American Economy: Growth rate of output=0.02, Contribution from the growth of capital per hour worked by labour force=0.01

C) An Asian Economy: Growth rate of output=0.06, Contribution from the growth of capital per hour worked by labour force=0.15

Reference no: EM131071614

Questions Cloud

What might change your forecast of visits and revenue : Your marketing department estimates the Medicare urology visits equal 5-(1.0*C)+(-6.5*T)+(5*Tr)+(0.01*Y). Here C denotes the medicaid co-payment (now $20), T is waiting time in your clinic (now 30 minutes), Tr is waiting time in your competitors clin..

Assume an economy consisting of consumption sector : Assume an economy consisting of a consumption sector, a government sector, a foreign sector, and a business investment sector. (C + I + G + X = GDP). Also assume that the Marginal Propensity to Save (MPS) = 0.2. If government spending increases by $7..

Requirement of the statute of frauds : When a person contracts to purchase four items from the same seller in one day , each item having a sale price of less than $500 but when combined the total exceeds $500 , must the contract meet the requirement of the statute of frauds

Discuss how technology and role of digital and social media : What role does integrated marketing communications plan in creating a brand image? How does the media contribute to the development of a brand's image? Why is it important for marketers to understand and appreciate all the various integrated marketin..

For each economy compute the growth rate of TFP : Consider the following statistics for some economies. Assume the exponent on capital 1/3 and that labor composition is unchanged. For each economy compute the growth rate of TFP

What are economic costs of operating the bed and breakfast : Lorelai purchases an inn in 2004 for $200,000. Today (2016) if she wants to operate it as a bed and breakfast she would have to pay her cook $25,000/year, her assistant manager $50,000/year, and $10,000 in electric bills. What are the economic costs ..

Discuss the problems inherent in the common law rules : Discuss the problems inherent in the common law rules on offer and acceptance in determining exactly if and when a bilateral contract was formed particularly where commercial parties use their own standard terms

Most likely result of increase in what type of unemployment : Suppose that unemployment increase because the government requires employment to provide more funds for their employee’s retirement programs. The increase in unemployment is most likely a result of an increase in what type of unemployment? Explain

Difference between employee dismissal and employee discharge : Compare and contrast two differences between employee dismissal and employee discharge. Provide specific examples to support your rationale. Evaluate two exceptions to employment-at-will doctrines in terms of the effect these exceptions will have ..

User Account

All Pages