The rate of growth in the productivity of capital

Reference no: EM13684663

The rate of growth in the productivity of capital is one percent, the rate of growth of capital is two percent, the rate of growth of labor is one percent, and the rate of growth in the productivity of labor is three percent from this we know that

1. The rate of economic growth is seven percent

2. Per capita real GDP will double in 50 years.

3. The rate of economic growth will fall to four percent.

4. Per capita real gdp will increase by three percent per annum

Reference no: EM13684663

Questions Cloud

Why do gas prices fluctuate : Why Do Gas Prices Fluctuate? Gas was selling for $3.95/Gallon on Labor Day Weekend of 2012. At election time, the price was $3.15/Gallon. Now, it is $3.55/Gallon. What causes increases and decreases in the price of gasoline? Use Demand and Supply cur..

Has the fed saved us from another great depression : Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged with banks on interbank loans) down to 0.25 %. Did this p..

Determine whether to utilize no insulation : Parker County Community College (PCCC) is trying to determine whether to utilize no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost ..

What is its daily total revenue : Presume than an oligopolist is charging $21 per unit of output and selling 31 units each day. Also presume that previously it had lowered its price from $21 to $19, rivals matched the price cut, and the firm’s sales increased from 31 to 32 units.

The rate of growth in the productivity of capital : The rate of growth in the productivity of capital is one percent, the rate of growth of capital is two percent, the rate of growth of labor is one percent, and the rate of growth in the productivity of labor is three percent from this we know that

Promote economic growth or inhibit economic growth : Sort the items below according to whether they promote economic growth or inhibit economic growth-Price controls imposed on milk, The enforcement of trademarks, The government confiscating farmland, The presence of clearly defined property rights

Production possibilities curve among health and other goods : Draw a production possibilities curve among health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies, however two tha..

Producer would increase the quantity supplied : Provide an example of an economic good whose producer would increase the quantity supplied if the price were to go up. Summarize why the quantity would increase in your response.

Investment to analyze the effects on the real interest rate : For each of the following scenarios, use a well-labelled diagram of the demand and supply for saving and investment to analyze the effects on the real interest rate, equilibrium national savings, and equilibrium investment.

User Account

All Pages