Size of the labour force on gdp per capita

Assignment Help Microeconomics
Reference no: EM131904654

Considering the Solow model, what will be the effect of an immediate doubling of the size of the labour force on GDP per capita? What is the effect in the long run?

Reference no: EM131904654

Questions Cloud

International trade opportunities : If you were the CEO of "Hess" Oil company what would the Comparative Advantages and International Trade Opportunities be for the company?
Research the overall effects of the concern about agreement : If the concern became reality, your analysis should include a description of how it affected trade and/or the economies of the countries involved.
Write a paper in which you explain your concept map : Create a new, final outline (model). Using Microsoft Word or some other tool, create a diagram of a concept map from your modified outline
Discuss how you would build alliance with the family : Discuss how you would build alliance with this family. Develop some hypothesis about the family patterns that you believe are maintaining the problem.
Size of the labour force on gdp per capita : Considering the Solow model, what will be the effect of an immediate doubling of the size of the labour force on GDP per capita? What is the effect in the long
What might joe do or say to show that he is hearing content : What more can Joe do to encourage the other party to share more so that he can truly understand what the party is truly thinking and feeling?
Tax on a worker income : Suppose the government imposes a 25% tax on a worker's income. Using the search model, explain how this affects the equilibrium wage rate, the unemployment rate
How did ideas of liberty and freedom connect to the creation : In at least 500 words answer the following questions: How did these ideas of liberty and freedom connect to the creation of the Constitution?
Billion government budget deficit : Country C has GDP of $300 billion, investment of $70, consumption of $180 billion, taxes of $60 billion and transfers of $20 billion.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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