What about gdp in the future

Assignment Help Business Economics

Reference no: EM131005925

The US lags behind Germany in providing vocational training (apprentices). It described how Siemens, an important global industrial firm, trains its apprentices. This is very expensive for Siemens and for German Taxpayers. While Siemens apprentices appear to be guaranteed a job at Siemens, they are free to go work somewhere else.

a. Discuss the impact that this program has on current GDP, in terms of leaks and injections.

b. What about GDP in the future?

c. What prevents other countries from hiring newly trained apprentices from Siemens?

d. Is this a problem?

Reference no: EM131005925

Questions Cloud

Monopoly dead weight loss and monopoly profit : A market with demand Q = 10 - p is supplied by a monopoly with costs C(Q) = 6 + 2Q. Calculate the equilibrium price, output, and monopoly profits. What would be the equilibrium if the market were supplied competitively by firms, and each firm had the..

Each job using each individuals discount rates : Dwight and James are looking at these 2 jobs and will make choices. Job B looks more attractive by using simple arithmetic in a static world; but since these will occur in different periods, we know that the best way to evaluate each one is by gettin..

Explain in terms of the risk-return principle : Two restaurants are on the same block. One has been opened for 10 years and its a thriving business. The other one has been open for only a year. They both want to expand. When the two owners to to the local bank looking for a loan, which one is like..

Calculate real wage in home country before and after trade : Suppose Home and Foreign countries (H and F) trade two goods, G1 and G2, and each country is populated with 2 workers (workers can split work time between two industries). At home, one worker can produce either 1 units of G1 or 2 units of G2 in one d..

What about gdp in the future : The US lags behind Germany in providing vocational training (apprentices). It described how Siemens, an important global industrial firm, trains its apprentices. This is very expensive for Siemens and for German Taxpayers. Discuss the impact that thi..

Would savings in britain increase or decrease : A recent analysis by Bloomberg Magazine discusses what would happen if England would suddenly leave the European Union, in terms of “shocks” in Consumer expectations, Investment, Credit and Currency. Since this has never happened before, people are u..

What does the quote mean by stormy : Consider this quote: “The cost of hiring a freight-liner (container ship) to carry products around the world has collapsed in recent months. If this is any guide for the global economy, the picture is looking stormy. The fundamental problem seems to ..

How are prices determined in the circular flow model : Describe the Circular Flow Model. What are the five components of the circular flow diagram, as shown class? What are leaks and injections and how do they affect the economy? How are prices determined in the Circular Flow Model?

Market for DVDs has supply curve and demand curves : The market for DVDs has supply curve and demand curves given by P=2Qs and P=42-Qd, respectively. Calculate the equilibrium price and quantity of the DVD market. How many units will be traded at a price of $14? What participants (sellers or buyers) wi..

User Account

All Pages