Real gdp divided by the number of employed workers

Assignment Help Macroeconomics
Reference no: EM132476557

Imagine that you are trying to predict the level of real per capita GDP in a certain economy in the year 2070 (say, using real dollars of some base year). Imagine that you know exactly what productivity, defined as real GDP divided by the number of employed workers, will be in that economy in that year. What other indicator/number/size/rate about the economy do you need to know in order to make a perfect prediction? Specify the exact definition of that indicator/number/size/rate.

Reference no: EM132476557

Questions Cloud

What cost will the new equipment be recorded : Transaction with commercial substance. Assuming a trade-in allowance of $5,817, at what cost will the new equipment be recorded in the books
Fundamental analysis of a corporation : Your boss asks you to do fundamental analysis of a corporation. What value is she asking for and how would you estimate this value?
Think of recent comparisons between predictions of global : Think of recent comparisons between predictions of global real per capita GDP growth over the next 50 years and actual growth over the past 50 years.
Compute the total promotion rebate expense : By the end of 2021, 7,600 of the rebates had been claimed, Compute the total promotion rebate expense Moon should report on its 2021 income statement
Real gdp divided by the number of employed workers : Imagine that you are trying to predict the level of real per capita GDP in a certain economy in the year 2070 (say, using real dollars of some base year).
What is the effect of the sale of the land : Chelsea, who is single, purchases land , What is the effect of the sale of the land on her taxable income, and what is her tax liability?
Explain how a war could end a recession : Explain how a war could end a recession. Look at recent and back issues of the Economic Report of the President or Statistical Abstract of the United States
Describe the economic growth scenario for the us economy : In the aftermath of 'The Great Recession', how would you describe the economic growth scenario for the U.S. economy? Explain your answer
At what amount would Bon Jovi report accumulated : At what amount would Bon Jovi report accumulated other comprehensive income in the shareholders' equity section of its year end 2022 balance sheet

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the value of the externality

If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?

  Draw the aggregate expenditure curve

Draw the aggregate expenditure (AE) curve and indicate the equilibrium value.

  What is the opportunity cost of investing in human capital

What is the opportunity cost of investing in human capital? Do you think a country can "overinvest" in human capital? What is the opportunity cost of attending college? Explain

  Congress is considering a tax credit program for those who

congress is considering a tax credit program for those who purchase energy-efficient appliances. proponents of the

  Illustrate what price-quantity combination maximizes

Illustrate what price-quantity combination maximizes your firm's profits. What price-quantity combination maximizes revenue.

  Marginal utility of the alternatives

If a person goes to the bowling alley planning to spend $15 but comes away with $5, what, if anything, can you conclude about the marginal utility of the alternatives

  Nominal value of the stock purchased

She invested £34,800 in the stock, and held it for a period during which she received interest of £5,600 in total for the period.

  Types of mergers that firms can do

What are the three types of mergers that firms can do? Classify the following possible mergers between Starbucks and coffee growers, Bank of America and Fleet Bank, Microsoft and Steel company, Home Depot and Lowe's, into one of the three types. E..

  What is not a characteristic of a random data series?

What is not a characteristic of a random data series?

  The following generates demand for foreign currencies

Which of the following generates demand for foreign currencies? a) exports from the U.S. To foreign countries b) imports of foreign goods by firms located in the U.S

  Descriptive Analysis and Outlook for Economic Activity

ECON 1133 Monetary and Fiscal Policy Assignment - For purposes of your Monetary policy response - Descriptive Analysis and Outlook for Economic Activity

  What was the growth rate of france real gdp

Suppose France's real GDP grew from $750 billion in 2010 to $821 billion in 2011. - What was the growth rate of France's real GDP?

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