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a. We measure the long-term economic growth of a country by the change of percentage rate in the GDP. The key determinants of long-run economic growth are elements of productivity, labor force participation, and demographic changes. Elements of productivity is the ratio of economic outputs to inputs, the labor force participation is the amount of workers available, and demographic changes are the influence of economic growth by the employment to population ratio.b. The relationship between economic growth and productivity is that there has to be increased productivity or some sort of productivity in order for economic growth to happen. There also has to be materials and resources available for the productivity to increase or even maintain. That is a major source of growth in labor productivity. Investment is also a major source of growth in labor productivity, but it kind of goes hand in hand with the resources that are available to be invested in labor productivity.
Explain why do you think macro-economics applies to your organization. Give at least two examples of macro-economic actions that could affect your organization.
M/P=kY – bi where k is the income elasticity and h is the (nominal) interest rate elasticity of real money balances. Assume that k > 0 and that h > 0. Further assume that the quantity of nominal money balances is fixed by the Bank of Canada at M and..
What is the five-number summary? Were there salary outliers for the Philadelphia Phillies? If so, how many and what were the salary amounts? What is the total payroll for each of the other three teams? Develop the five-number summary for each team..
Antitrust laws were created in order to maintain competition and protect consumers. There have been several high profile Antitrust cases in the last few years (e.g. Microsoft). Think of a recent example. Do you think the right decision was made
Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States?
Assume that an engineer is deciding either not to move to northern Virginia or remain at his current job in Milwaukee.
Assess the importance of Everett Rogers' Diffusion of innovation model as a tool for understanding the product adoption tendencies of health care consumers. Provide at least two (2) specific examples of Everett Rogers' Diffusion of innovation mode..
Arise in U.S. inflation causes many U.S. residents to buy gold, which is a major South African export good, as a hedge against inflation.
However, this simple distinction does not adequately describe how macroeconomics differs from microeconomics. For this assignment you need to identify and describe three differences between macroeconomics and microeconomics.
Discuss the performance of the economic over those ten years and provide evidence and explanation for the economic performance, such as high unemployment rate high inflation rate and/or steady, long term economic growth.
Suppose that there is a cultural shift in America emphasizing the importance of saving money as opposed to current consumption. a.) Illustrate the impact on the interest rate in the market for loanable funds. What direction does the interest rate go?..
How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?
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