Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

a. We measure the long-term economic growth of a country by the change of percentage rate in the GDP. The key determinants of long-run economic growth are elements of productivity, labor force participation, and demographic changes. Elements of productivity is the ratio of economic outputs to inputs, the labor force participation is the amount of workers available, and demographic changes are the influence of economic growth by the employment to population ratio.

b. The relationship between economic growth and productivity is that there has to be increased productivity or some sort of productivity in order for economic growth to happen. There also has to be materials and resources available for the productivity to increase or even maintain. That is a major source of growth in labor productivity. Investment is also a major source of growth in labor productivity, but it kind of goes hand in hand with the resources that are available to be invested in labor productivity.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92049351
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Ux y 2x ywhere x is consumption of hamburgers and y is

U(x, y) = 2x + y Where x is consumption of hamburgers and y is consumption of hot dogs. c) Plot the indifference curves for: U¯ = {2, 4, 8} d) What is the equation for the indifference curve with y on the LHS and x on th ...

With emerging issues on the 15 an hour minimum wage what

With emerging issues on the 15 an hour minimum wage, what are the best recommendations to alternatives? Explain why.

What is the difference is between a leader of change and a

What is the difference is between a leader of change and a change champion? In what ways are the differences meaningful?

What steps has whole foods taken in approprately planning

What steps has Whole Foods taken in approprately planning strategy? Assuming WFoods must develop a new business model, how should they go about this?

Think about the organization that you either currently work

Think about the organization that you either currently work for or have worked for in the past. Describe two things within the organization that should change and how you would to about implementing it.

Briefly explain employee motivation and Briefly explain Employee Motivation and

Briefly explain Employee Motivation and Empowerment.

Trans-pacific partnership tppwhat possible impact could

Trans-Pacific Partnership (TPP) What possible impact could this event have on global trade? Provide a credible citation. What is President Trump's position on the TPP? Citation?

Business analytics and statistics research report

Business Analytics and Statistics Research Report Assignment - You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in presentation and contain insightful cont ...

Do you think there is some type of diversity we really

Do you think there is some type of diversity we really aren't interested in? Or, perhaps what we really are looking for is an end to discrimination, but at some point in the last 10-15 years that has morphed into the con ...

Suppose that the price of a product falls from 70 to 60 and

Suppose that the price of a product falls from $70 to $60, and the quantity demanded as a result increases from 30 units to 40 units. Calculate the price elasticity of demand for this product. Is the product elastic, ine ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As