2.C.i Calculate the intrinsic rate of growth for the population described in the lifetable below ". (show calculations) Ix Fx 1 1 0.5 1 0.25 2 3 0.125 8
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- 6. Which of the followings is incorrect according to Kaldor growth facts? (a) The growth rate of output per worker and the growth rate of capital per worker are the same. (b) Both the unit cost of capital and wage are relatively constant over time. (c) The growth rate of capital share is zero.7. What rate of GDP growth would the government need to meet its goal of doubling the population's living standards in 18 years? Group of answer choices 4 percent 3 percent 2 percent 1 percent81
- 5 Question This question is supposed to familiarize you with the calculation of growth over multiple periods. In the lectures you learned that the growth rate of a variable from one period to the next is given by Yt - Yt-1 9y= Yt-1 where g, denotes the growth rate, y, the value of the variable y in period t, and yt-1 the value of the same variable in period t- 1. Very often we are dealing with growth over many periods, say 50 years, in which case the above formula is not helpful. In that case we use the following formula: Yt = Yo (1+9y), where yo is the value of the variable at the beginning of the period, y, is the value of the variable after t periods, and g, is the (constant) growth rate. Depending on what information is given, you can solve the formula for either yt, Yo, gy, or for t. Now turn to the actual problem: The poorest countries in the world currently have an annual per capita income of about $600. We can reasonably assume that it is nearly impossible to live on an income…Which of the following statements do not correctly describe exponential growth? (Check all that apply) DA New growth builds on past growth and its effects compound. De. The growth rate stays approximately constant. Yc The growth rate keeps increasing each year. o. The growth rate fuctuates drastically. Suppose Arendelle's real GOP per capita was 535,000 in 2012 In 2013 and 2014, It increased to $36,400 and $37,860 respectively (all numbers are in 2012 constant dollan) The growth rate between 2012 and 2013 in this economy was%. (Round your answer to the nearest whole number.) Arendelle shows growth over the yearn.13. Assume that an economy experiences both positive population growth (8x ) and technological progress (84 ). Once the economy has reached the balanced growth path, we know that the total output is A. constant. B. growing at a rate of 8.. C. growing at a rate of &x . D. growing at a rate of 84+8% .
- 435. If a country was growing at a rate of 4% per year how long would it take that country to double its income: a.20 years b.12 years c.17 years d.35 yearsQuestion 22 Here are hypothetical data for Germany and Japan on average labor productivity, the number of persons employed, and population in a given year: Average labor |productivity S88,204 $44,216 Number of persons employed 32.36 million 50.48 million than that of Germany by approximately . Population 78.17 million 104.3 million Germany Japan Japan's real GDP per person is O lower; $15,114 O higher; $121,711 O lower; $121,711 O higher; $15,114
- 2. In order to have a higher and inclusive growth, "Capital in its different forms whether (i) public, or (ii) private, or (iii) household savings, or (iv) institutional credit is the key driver of overall growth or agricultural growth". Give arguments in support of and against this.16 Calculate the implied growth rate of technology in each scenario. Assume labor's share of output is 60% and capital's share of output is 40%. Instructions: Enter numbers rounded to two decimal place in each box. Growth Rate of Labor (8) Growth Rate of Capital (8) Scenario A B C D Growth Rate of Output (8) 3.0 4.2 3.0 4.2 2 3 2 1 2 3 1 4 Implied Growth Rate of Technology (8)3. Which statement about the Rule of 70 is NOT true? A. it is a valuable tool for understanding the power of compounding growth rates over time B. it is fairly accurate for small growth rates C. it becomes more accurate over time D. it is an easy way to approximate the number of years it takes for an amount to double in value