Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

During a given interval a nation''s overall productivity grows at a compounded rate of 2%. Its population growth rate and degree of labor-force participation do not change over this time span. The nation accumulates new capital at a compounded rate of growth of 1%, and the coefficient governing the proportionate increase in real GDP production in response to a proportionate rise in the amount of capital is equal to 0.3. What is the compound growth rate of real GDP at this time?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9502940

Have any Question?


Related Questions in Microeconomics

Discuss various means by which island governments in the

Discuss various means by which Island Governments in the South Pacific can institute reforms with respect to Government Trading Enterprises for maximum gains to both productive and allocative efficiency.

Question during the 1990s capital spending grew faster than

Question: During the 1990s, capital spending grew faster than consumption. As a result of this, total capacity also grew faster than usual, so the rate of capacity utilization fell from 1994 to 2000 in spite of a booming ...

Question political vacuity is not confined to one side of

Question: Political vacuity is not confined to one side of the Atlantic. As already noted, Treasury Secretary Michael Blumenthal solemnly intoned in 1978 that ‘‘a good dollar is weak for America.'' It was not good for Am ...

Question what sorts of provisions might a contract include

Question: What sorts of provisions might a contract include to handle days when it rains and the bees cannot be released? What if the beekeeper has a contract with farmers in another area and cannot stay an extra day wit ...

Question a home mortgage with monthly payments for 30 years

Question: A home mortgage with monthly payments for 30 years is available at 6% interest. The home you are buying costs $120,000, and you have saved $12,000 to meet the requirement for a 10% down payment. The lender char ...

Question consider the following data the money supply is 1

Question: Consider the following data: The money supply is $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money? The response must be typed, single ...

Question in the case of the diamond duplicative mineshafts

Question: In the case of the diamond, duplicative mineshafts were a waste of economic resources, and the law makes them unprofitable. Instead of a diamond, what if a number of independent inventors are racing to be the f ...

Question please write a 5 paragraph essay about thisfixed

Question: Please write a 5 paragraph essay about this! Fixed cost versus variable cost use a key study that illustrate your understanding of the concepts. Most importantly what happens to fixed cost as output increases? ...

Question southern california edisons prices service quality

Question: Southern California Edison's prices, service quality, and investments in new facilities are pervasively regulated by governments under long-standing rules. Do you expect that a given decision will be made at a ...

Question suppose that iny 2 ilondon 6 xa -1 and rp 2

Question: Suppose that i_NY = 2%, i_London = 6%, xa = -1%, and RP = 2%, where i_NY (i_London) denotes the interest rate in New York (London), xa denotes the expected appreciation of the foreign currency (i.e., the pound) ...

  • 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

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved