What would be the net change in real gdp per person

Assignment Help Business Economics

Reference no: EM13154490

The "graying of America" will substantially increase the fraction of the population that is retired in the decades to come. To illustrate the implications for U.S. living standards, suppose that over the 49 years following 2009 the share of the population that is working returns to its 1960 level, while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?

Reference no: EM13154490

Questions Cloud

What is the arithmetic mean selling price : The self-service prices for a sample of 15 retail outlets during Labor Day weekend of 2007 in the detroit, michigan area. What is the arithmetic mean selling price?

Determining initial cost of project : A project produces cash inflows of $8,300 a year for 4 years. The PI is 1.08 at a discount rate of 12.5 percent. What is the initial cost of the project?

Partial bond amortization schedule for the bonds : Discount-mart issued ten thousand $1000 bonds on January 1, 2009. They have a ten-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds.

Find time the employer allow employees to finish the job : The time required to do the job is normally distributed and has a mean time of 28 minutes with a standard deviation of 5 minutes. How much time should the employer allow employees to finish the job?

What would be the net change in real gdp per person : while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?

Journal entry to record the annual pension costs : There were no other pension related costs. The journal entry to record the annual pension costs will include a debit to pension expense for:

Recording the journal entry : Young corporation issued 2,000 shares of $25 par value common stock and 300 shares of 13% par value preferred stock for cash at par value. How do i record the journal entry?

What would the present discounted value of the project be : Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?

Determine if number of breakdowns is independent of shift : The number of breakdowns is dependent on the shift, because the test value 11.649 is less than the critical value of 12.592.

User Account

All Pages