Mexico to catch up to the living standard of america

Assignment Help Business Economics
Reference no: EM132010618

If America has real GDP per capita of $40,000, and if a Mexico has real GDP per capita of $20,000. Next if that the growth of real GDP per capita falls to zero percent in America and rises to 2 percent in Mexico. If these rates continue for long periods of time, how many years will it take for Mexico to catch up to the living standard of America?

Reference no: EM132010618

Questions Cloud

What are the arithmetic and geometric returns for the stock : What are the arithmetic and geometric returns for the stock?
Determine the capitalized cost of a power plant : Determine the capitalized cost of a power plant which requires PhP10,000,000 for original construction with a PhP500,000 operating
What would make this gain in well-being more likely : Explain why the long-term drought in the region might lead to an increase in the region's well-being or welfare. What would make this gain in well-being
What would be new zombie real gdp : If work hours in New Zombie are 200 in year 1 and productivity is $18 per hour worked.
Mexico to catch up to the living standard of america : If these rates continue for long periods of time, how many years will it take for Mexico to catch up to the living standard of America?
What was average real risk-free rate over this time period : What was the average real risk-free rate over this time period? What was the average real risk premium?
What is the growth rate of the economy real gdp : An economy's real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP?
What is the amount of america net exports : Suppose foreigners spend $7 billion on American exports in a given year and Americans spend $5 billion on imports from abroad in the same year.
What was arithmetic average return on crash-n-burn stock : What was arithmetic average return on Crash-n-Burn’s stock over this five-year period? What was standard deviation of Crash-n-Burn’s returns over this period?

Reviews

Write a Review

Business Economics Questions & Answers

  Correlation coefficient between them is zero

The returns of Stock A and Stock B are independent of one another, i.e., the correlation coefficient between them is zero, Which of the following is correct?

  Organizational form that is based direct lines of authority

______An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called

  Illustrate what are the major strengths of monetary policy

Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.

  Looking at latin america what is one country

Looking at Latin America what is one country you would pressure and one you would avoid avoid as an healthcare executive looking to invest. Why?

  Welfare-maximizing quantity of drinks is welfare-maximizing

Consider two firms: a yoga studio and a bar. The bar produces noise which reduces the price that the yoga studio can charge from its customers.Assume that the bar can sell an unlimited amount of drinks at the market price p and its marginal cost incr..

  Video games and faces increasing opportunity costs

Construct a PPF for a country that produces food and video games and faces increasing opportunity costs. Show how the PPF changes given the following events.

  Major overhaul expenses in addition to annual maintenance

A proposed bridge will lust 40 years, Annual maintenance will be $16,000 Major overhaul expenses in addition to the annual maintenance will occur at the end of years 10 and 30. Each overhaul will cost $20,000. First cost is $120,000. If i = 10%, the ..

  Money supply in the australian financial market

We studied how the Reserve Bank of Australia (RBA) can influence the money supply in the Australian financial market. Answer each question briefly.

  How does UPSs marketing and sales to business customers

Discuss what UPS’s business customers are looking for when committing to work with UPS?. How does UPS’s marketing and sales to business customers differ from working with its residential consumers? Discuss how the UPS story relates to the major conce..

  Extreme inequality in the distribution of education

In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at a..

  Production possibilities curve

If a country is producing efficiently, it will produce __________ its production possibilities curve. If a country is producing inefficiently, it will produce ___________ its production possibilities curve.

  Cost of production for that quantity produced

If the price that a firm charges is higher than its ________________ cost of production for that quantity produced, then the firm will earn profits.

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