mt2pracbest

a) Prepare a table and line graph showing the unemployment and economic growth rate for a Caribbean country and a developed country (other than the US) for the last 5 years. Examine the relationship observed between the two countries. b) Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy. Use examples to clearly illustrate how EACH policy can stimulate employment and facilitate economic growth in your country.

Q2- Businesses use four factors of production i.e. Land, Labor, Capital and Entrepreneurship (some authors consider information as fifth factor of production). Compare and contrast the factors of production available in Pakistan, Bangladesh and Germany. Give brief description about the economic development of these three countries. Which country is doing best? Which country is doing worst? Explain.

(i) What were the main two components of the gain in labor productivity from 1901 to 2016? What was the proportional contribution of each? (ii) How does ‘capital deepening’ occur? (iii) What causes ‘multifactor productivity’ to increase?

Question 3 What has been the average annual growth rate of U.S. real GDP per person over the 120 years from 1900 to 2020? In which decade, beginning with the 1960s, was the growth of potential GDP per person greatest and slowest? (3) Over the 120 years from 1900 to 2020, the average annual growth rate of U.S. real GDP per person is Type percent.

51.) Explain how rapid population growth can contribute to rapid economic growth even when Solow and other models all show that population growth reduces the level of income in the early stage. (4-5 paragraphs original content thank you) PLEASE ANSWERRRRRR BADLY NEEDEDDDDDD

Try to solve in 30 minute need final answer only

5

Question : Large majorities in the 11 emerging and developing countries surveyed either own or share a mobile phone, and in every country it is much more common to own one’s own phone than to share it with someone else. In seven of these countries, half or more now use smartphones – and smartphone use is especially common among younger and more educated groups. As an economist how will you evaluate the income effect on technology?

Only typed answer

16 A model without population growth and technological change, show that the growth rate of aggregate output(Y), per-capita output ( y= Y/L), and capital labor ratio (K/L), and aggregate capital (K) are all zero in the long run.

Measuring Economic Growth in Global Economy and Developing and Transitional Economies (chapter 12) What is the relationship between savings, capital formation, and consumption?

11. The table below shows the average income per person in two countries in 1900 and their subsequent growth rates. Country Argentina Growth rate from 1900 to 2010 Income per person in 1900 $2756 $2758 1.03% Canada 2.19% The growth rates are only slightly different so maybe we should expect that they end up with similar, but not identical final incomes but they didn't. What was the absolute value of the difference in their incomes per person in 2010?

Question 7 What is meant by economic growth and why is it one of the most important goals macroeconomists seek to achieve? In your explanation, show the relationship between production, consumption, and investment in periods of economic growth?

Problem 2 Assume that total output is determined by the formula: Total Output = Number of Workers  x     Productivity (a) If the workforce is growing by 1 percent a year but productivity doesn’t improve, how fast can output increase? (b) If productivity increases by 3 percent and the number of workers increases by 1 percent a year, how fast will output grow?

1. As we saw in problem set 2, the Bureau of Labor Statistics reported that the United States labor force labor force was 162,294,000 persons in December of 2021. Assuming that 2.0% of the labor force is engaged in R&D at an efficiency rate of 1/200 per million persons per year: (a) If R&D is the only source of total-factor productivity growth what is the growth rate of labor efficiency in the United States? (b) If the growth rate of total factor productivity is 0.8% per year, what is the value of a in the Cobb-Douglas production function?

1.  Discuss the factors that contribute to economic growth. 2. List and briefly describe the 17 Sustainable Development Goals (SDGs). Give examples   Note: Question 1 ask that you discuss the determinants of Economic Growth: I have created a list of 10 factors and suggest that in responding to the question you discuss at least 5 of the factors: 1. Quality and Quantity of a Country's resources 2. Technology 3. Improvements and greater stock of resources 4. Increased productivity 5. Savings and Investment including investment in human capital 6. Infrastructure 7. Research AND Development 8. Protection of Property Rights 9. Free Trade 10. Education

Movers & Shakers Co. is very keen on investing in a Wind Farm in the energy sector in Dominica. 1. List and explain 3 factors of productivity that Movers & Shakers Co. can bring with their investment. [3 marks each] 2. Explain carefully why productivity is key determinant of Dominica’s standard of living. [10 marks] 3. Discuss the relevance of productive efficiency and allocative efficiency in the growth process.

1.Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the growth rate of real GDP per capita? Explain.

15. Refer to the table below for the following questions. Country Country A Country B Country C Real GDP per capita (2000) $38,000 $ 3,250 $ 250 Average annual growth rate of real GDP per capita 1% 2.5% 4% a. Calculate the following ratios of real GDP per capita in 2000. i. Country B to Country A ii. Country C to Country A iii. Country C to Country B b. Using the rule of 70, figure out how many years it will take each country to double their real GDP per capita. Round to one decimal point if needed. c. Calculate the real GDP per capita of each country in year 2140. d. Repeat part (a) for year 2140 using the results from part (c). e. Compare your results from parts (a) and (d) and discuss if this example supports the convergence hypothesis.

Question 3 What has been the average annual growth rate of U.S. real GDP per person over the 120 years from 1900 to 2020? In which decade, beginning with the 1960s, was the growth of potential GDP per person greatest and slowest? Over the 120 years from 1900 to 2020, the average annual growth rate of U.S. real GDP per person is 1.5 percent. That's incorrect. Over the 120 years from 1900 to 2020, the average annual growth rate of real GDP per person in the United States wasn't 1.5 percent.

I am having a problem with these four problems webdav/pid-1221589-dt-content-rid-8618514_1/courses/1678.201780/Assign2.pdf + Automatic Zoom : 19. Technological progress helps increase the productivity of labor, defined as the number of units of output produced per hour of labor. A rise in the productivity of labor in the production process, ceteris paribus, will cause A) the demand for the output to increase. B) the demand for the output to decrease. C) the supply of the output to increase. D) the supply of the output to decrease. E) None of the above is correct. Q Search 20. An economic recession with a decline in household incomes will negatively impact all retail businesses. A) True B) False 21. If we assume that the current equilibrium wage for low-skilled labor is $8 per hour and the minimum wage is increased from $5.75 to $7.25 per hour, then A) unemployment among low-skilled workers will increase. B) unemployment among low-skilled workers will remain unaffected. C) unemployment…

Question 4   Explain the determinants of productivity. (Word count: 250 words max.)   Many countries import considerable amounts of goods and services from other countries. Yet economists argue that a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Can you reconcile these two facts? (Word count: 250 words max.)

Need help with macroeconomics