Total income generated in economy

Assignment Help Business Management
Reference no: EM131515633

Suppose an economy's production function is y = A*k^(alpha)*L^(1-alpha). If the annual rate of economic growth is 3.5 percent and labour and capital are both growing by 2 percent annually, what contribution to growth is made by total factor productivity? You can assume that labour receives 75 percent of the total income generated in this economy.

Reference no: EM131515633

Questions Cloud

Discuss the impacts of changing the cash rate : The RBA Board considered the conditions of the housing market when deciding on the cash rate. Discuss the impacts of changing the cash rate on housing market.
Possible schemes for taxing a monopoly : Consider the following possible schemes for taxing a monopoly:
Relationship between inefficiency and ethical behavior : Based on the response to Hurricane Katrina, what is the relationship between inefficiency and ethical behavior for leaders
Explain some human rights that you think should be protected : Explain some human rights that you think should be protected by the government - Discussions of political beliefs can often generate a great deal of emotion.
Total income generated in economy : You can assume that labour receives 75 percent of the total income generated in this economy.
Predict the future of the currency : Predict the future of the currency, including the impact the financial investment and risk within the EURO zone for financial institutions.
Equilibrium quantity and price : Suppose a monopolist faces an inverse demand curve of P = 20 - lnQ , and a cost function C(Q) = 17Q. Solve for equilibrium quantity and price.
Discuss political and ethical implications of utilitarianism : Discuss the differences between Bentham and Mill's versions of utilitarianism. Discuss the political and ethical implications of utilitarianism.
Cobb-douglas production function : Returns to scale, average cost and the run Consider the Cobb-Douglas production function f(L, K) = L^ 2/ 3 K 1/ 3.

Reviews

Write a Review

Business Management Questions & Answers

  Integrative medicineconduct a cursory search of integrative

integrative medicineconduct a cursory search of integrative medicine im in your geographical area and choose one type

  How cultural barriers affect the change process

Drawing from the lecture and readings, provide a specific example for either the change management concept or the contingency approach. How might cultural barriers and communication constraints affect the change process?

  An ethical practice? discuss why or why not.

Evaluate earnings management from a utilitarian perspective Can earnings management be an ethical practice? Discuss why or why not.

  Which costs would be placed in a shadow cost center

The interest rate on a proposed $100 million hospital bond issue would be 5% if current management is in place and would increase to 6% if a greedy group of aggressive managers looking out only for themselves take over the hospital.

  Assignment-global staffing

Every company finds it challenging to recruit and select top executives for an international location. The nationals of the host country will be aware of the local laws and customs and may accept a lower wage as well, but may not be familiar with ..

  Health maintenance organizations in medicare

Provide and discuss at least three examples of key strategic alternatives that are available to health care organizations today but were not available to them 20 years ago

  Did i use one paragraph to discuss one strategy in detail

Did I use one paragraph to discuss one strategy in detail? Did I use a key sentence in each paragraph on strategy to illustrate the strategy name?

  Significant components of a pay-for-performance system

Create a PowerPoint presentation in which you provide your analysis of the significant components of a pay-for-performance system and evaluate the relationships between employee job performance and the reward systems deigned to motivate, engage, a..

  Holistically-reflecting on processes

It is the perspective of this program that in order to succeed, leaders must hone their ability to think critically and holistically-reflecting on processes and on past successes and failures to form solutions that synthesize multiple sources of k..

  Describe the roles of nature in shaping your personality

Based on your retrospective analysis, describe the roles of nature and nurture in shaping your personality. Reflect on your justification for distinguishing between nature and nurture.

  Explain how it possible scenario could impact social change

Explain how you believe the future of management may unfold. Explain how this possible scenario could impact social change.

  Question 1-conceptual questions part a what should be the

question 1-conceptual questions part a what should be the primary objective ofnbsp management?part b briefly explain

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