Illustrate how these choices will affect economic growth

Assignment Help Physics

Reference no: EM131004004

1. Two economies, the United States and country G, cur- rently have identical production possibilities frontiers, CI, but have chosen differing combinations of capital and consumer goods as indicated. Illustrate how these choices will affect economic growth by adding a PPF for the United States ten years into the future, and then one for country G ten years from now.

2. Sketch a per-worker production function in the diagram that illustrates the law of diminishing marginal returns. Identify the level of output per worker produced given k capital per worker.

Reference no: EM131004004

Questions Cloud

What are leakages from and injections into circular flow : In national income accounting, one compo- nent of investment is net changes in inventories. Last year's inventories are subtracted from this year's inventories to obtain a net change. Explain why net inventory increases are counted as part of GDP...

Accounting principles applicable in this situation : That's what it's worth. Or, at a minimum, at $106,000." Respond to this statement with specific reference to accounting principles applicable in this situation.

Gain or loss on realization to the partners : The Freema Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Dalek $45,000 and Briggs $20,000. The firm is liquidated, and $110,000 in cash is received for the noncash assets..

Derive the corresponding odes : Prove that in polar coordinates, Laplace equation is (∂2u / ∂r2) + (∂u / r ∂r) + (∂2u / r2∂θ2) = 0, Let u(r, θ) = R(r) - Θ(θ) and derive the corresponding ODEs for R(r) and Θ(θ). Assume the boundary conditions on u.

Illustrate how these choices will affect economic growth : Two economies, the United States and country G, cur- rently have identical production possibilities frontiers, CI, but have chosen differing combinations of capital and consumer goods as indicated. Illustrate how these choices will affect economic..

How innovation affect us production possibilities frontier : Technological change is an important driver of economic growth. Refer to the "Technology" column in the Marketplace section of a recent Wall Street Journal. Find a story about a technological innovation that seems interesting to you. How will this..

What are the functions of the components of mental status : What are the functions of the components of mental status and an interview in determining the competence of clients? Explain with examples and rationales

Find the multipole moments of the system : Find the multipole moments of the system and make a multipole expansion and Find the potential along the axis of the circles

Has productivity actually declined anywhere : (Labor Productivity) Go to the Bureau of Labor Statistics (BLS) page on Quarterly Labor Productivity at http://www. bls.gov/lpc/ and get the latest news release on productivity and costs. Rank the various sectors of the U.S. economy from highest t..

User Account

All Pages