Labor-augmenting technological progress

Assignment Help Macroeconomics
Reference no: EM132479129

If the classical production function with constant returns to scale, population growth, and labor-augmenting technological progress is Yt = F(Kt,EtLt), how do you show that the growth rate of capital (total, not per worker) is always equal to the return on capital (MPK - δ)?

Reference no: EM132479129

Questions Cloud

Prepare record the journal entries for each transaction : Assuming that the above balances existed before any of the transactions that follow, record the journal entries for each transaction.
What are the values of marginal propensity : What are the values of (i) marginal propensity to consume out of disposal income and (ii) marginal propensity to consume out of total income? Show your work.
How is company performing : How is company performing? for ex is the company's revenue growing or decreasing? Are the company's margins increasing or decreasing?
Prepare the journal entry to record the bonds issuance : Bringham Company issues bonds with a par value of moon on their stated issue date. Prepare the journal entry to record the bonds issuance
Labor-augmenting technological progress : If the classical production function with constant returns to scale, population growth, and labor-augmenting technological progress
Labor-augmenting technological progress : If the classical production function with constant returns to scale, population growth, and labor-augmenting technological progress
Constructs comparative income statement in gross margin : Constructs comparative income statement in gross margin format with one column for each customer; present customer-specific costs as period expenses
What causes demand pull inflation : Question: What causes demand pull inflation? Please answer the following question with detailed answer.
Country a starts with real gdp per capita : Country A starts with real GDP per capita equal to $40,000 and Country B starts with real GDP per capita equal to $2,000.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss the interest rate that you are trying to raise

Explain and discuss this interest rate that you're trying to raise. What are the feedback effects of this interest rate increase on the US economy?

  Was the price decrease caused by shift in supply or demand

The lumber industry was hit hard by the sub prime mortgage turmoil in 2008. Prices plunged fro m $290 per thousand board feet to less than $200 per thousand board fee t. Many observers bel ieved this p rice decrease was caused by the slowing of ne..

  Why would the neoclassical model suggest the given trade

Why would the neoclassical model suggest that trade between the two countries would cease? Why or why not?

  Draw an aggregate demand(ad)-aggregate supply (as)

Draw an aggregate demand(AD)-aggregate supply (AS) complete framework that shows where the US economy in a full employment equilibrium& then where it is now.

  Would commercial banker be willing to lend money to abramses

Would a commercial banker be willing to lend money to the Abramses? How much? On what do you base your answer? Would this venture have any appeal for a venture capitalist? Why or why not?

  Elucidate your own words why even long term heavy drinkers

Elucidate your own words why even long term heavy drinkers might be highly responsive to increases in the price of alcohol.

  Large mortgage loan on the property hospital complex lies

Your local bank is reluctant to lend to you as you basically have a large mortgage loan on the property on which the hospital complex lies.

  What is the name of the molecule

(1) What is the name of the molecule that delivered high electron to the transport chain?

  Explain whether aggregate demand or aggregate supply

Explain whether aggregate demand or aggregate supply changes and why the change occurred and explain what happens to the equilibrium price level and equilibrium output in the U.S.

  Applying risk management consulting assignment

This is the third assignment of the series. Continue the Applying Risk Management Consulting assignment for your chosen organization.

  Which affect the foreign exchange value

A State and explain 5 factors which affect the foreign exchange value of the Irish currency (Euro). B Irish exports have risen, in recent years. Discuss the effects of this development on each of the following: (1) The amount of borrowing by the Iris..

  Calculate the amount of sales tax

Create a flowchart that will contain two modules, one to prompt the user to input the sales amount, and the other to calculate the amount of sales tax on that sales amount.

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