Which country is in catch-up phase of growth

Assignment Help Business Economics
Reference no: EM133372643

Average annual rates of growth: Country A Country B Labour force (L) 2.5% 4.0% Capital stock (K) 3.5% 3.5% Share of labour income in GDP 2/3 2/3.

a. Assuming a constant state of technology, which of these two countries will have the faster rate of growth in total real GDP?

b. Which of the two countries will have the faster rate of growth in per capita real GDP?

c. What differences, if any, do you see in the growth rates of the capital to labour ratios in the two countries?

d. Explain the reasons for the differences in total real GDP growth rates you have found?

e. Which country is in the catch-up phase of growth?

Which country is at the cutting-edge of growth? What can the laggard country businesses do to catch up to the businesses in the lead country?

What can the cutting-edge country companies do to put a distance between emerging market firms catching up and generate/sustain comparative advantage in their line of businesses? Explain.

Reference no: EM133372643

Questions Cloud

Describe the countries relative resource endowments : Based on the approximate cost of beer describe the countries' relative resource endowments and where comparative advantage would lie.
Impact on market using supply and demand curves : Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves.
Explain how you would narrow down : Describe the problem, and then explain how you would narrow down your selection of approaches to solve the problem.
Expected cash inflows : Company B from above invested $1,000,000 in a project with expected cash inflows of 300,000, 400,000 and 500,000 over the next three years
Which country is in catch-up phase of growth : Explain the reasons for the differences in total real GDP growth rates you have found? Which country is in the catch-up phase of growth?
Draw budget constraint and optimal choice : Draw the budget constraint and the optimal choice when given standard indifference curves.
Equilibrium price : Under these conditions, the typical firm will produce 2,000 yards per month at the equilibrium price.
Suppose sellers can perfectly observe their cars types : Suppose sellers can perfectly observe their cars' types, while buyers can identify lemons, but cannot tell peaches apart from melons.
Real estate law and property taxes : Explain the relationship between property law and property market.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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