Relative share of earnings going to labour versus capital

Assignment Help Business Economics

Reference no: EM13862629

There are a number of measures of aggregate economic activity, such as GDP, GNP, national income, personal income, and disposable personal income. Each of these measures can be a good indicator depending on the issue under consideration. For each of the following issues, give your reasons for selecting one of the measures just mentioned as the best indicator to use in studying the issue:

a. the proportion of income households save

b. the relative share of earnings going to labour versus capital

c. the total output of new final goods and services.

Reference no: EM13862629

Questions Cloud

Identical production possibilities frontiers : Assume two economies that have identical production possibilities frontiers. Show how they can still gain from trade if their populations have different tastes. (Graph 2 different sets of indifferent curves to represent the different tastes, then det..

Volkswagen company case : What is the origins of the scandal of Volkswagen? Each Kind of standards US use to control the quality of Volkswagen vehicles?

Assume two different sets of factors abundances : Prove the Heckscher-Ohlin theorem. Assume two different sets of factors abundances for two countries and derive the resulting free trade triangle. Use the combination of words and graphs for the answer.

Sufficient time for the system to reach equilibrium : A 1 m^3 isolated chamber with rigid walls is divided into two compartments of equal volume. The partition permits transfer of heat. One side contains a nonideal gas at 5 MPa and 300 K and the other side contains a perfect vacuum. The partition is rup..

Relative share of earnings going to labour versus capital : There are a number of measures of aggregate economic activity, such as GDP, GNP, national income, personal income, and disposable personal income. Each of these measures can be a good indicator depending on the issue under consideration. the relative..

Elements that directly support brand identity : Elements that Directly Support Brand Identity: Select the item that does NOT belong in this set

Production of goods and services : Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increased between 2002 and 2003? Why or why not?

What is the accumulation at the end of two years : One hundred dollar of interest is paid each month on an investment of $10,000. If interest is compound monthly, what is the accumulation at the end of two years?

Other gases by preferential absorption into amine solution : Carbon dioxide can be separated from other gases by preferential absorption into an amine solution. The carbon dioxide can be recovered by heating at atmospheric pressure. Suppose pure CO2 vapor is available from such a process at 80°C and 1 bar. Sup..

User Account

All Pages