9. The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation rate of 5.2% per year. If its GDP is $20.5 trillion and its saving rate is 45% would we expect China's GDP to be growing or shrinking? a. growing, I> dK b. growing, I< dK C. shrinking, I> dK d. shrinking. Is dK
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In China,
New investment=I=$20.5*0.45T=$9.225T
Depriciation=dK=$101.54*0.052=$5.28T
I>dK, so china is growing.
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- 3. Calculate the steady state level of investment in an economy with a savings rate of 15%, population growth of -1%, depreciation of 10%, and a= 2/3. Show your work.9 Foreign direct investment of china.a. how FDI works in china?b. how it contribute to GDP growth of china give your answer with clear explanationor An economy is currently at it's steady state. Their depreciation rate is 6% and their capital stock is 1,830. What will be their level of investment? Do not round until your final answer, when you may round to two decimal places. Country A produces GDP according to the following equation: GDP = 5√K and has a capital stock of 10,351. If the country devotes 11% of its GDP to producing or repairing investment goods, how much is this country currently investing? Rounds your answer to two decimal places.
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- You did some work on it. Sub parts to be completed/solved. Need help with this 1. Spending - Included in the U.S. GDP for 2020, or not included ? If so, under which expenditure category (C, I, G, X etc,?) If not, why not? A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________ D. You buy $20,000 in General Motors Corporation stock ___________________ E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________ F, You buy your neighbor’s used fence for $1,000. _________________________ H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________ I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________ J. The San…A. By what percentage did GDP decline in 2008? B. At that rate, how much output would have been lost in the $14 trillion economy of 2008?$ Billion C. How much income did this represent for each of the 300 million U.S citizens?1. The country Egalia has the following production function: Y = 500K^0.25L^0.75, where K denotes the amount of capital and L the amount of labor (which coincides with that of the population size). The number 500 in the production function indicates total factor productivity.
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