A pattern in the coefficients of the time fixed effects binary variables may reveal the following in a study of the determinants of total factor productivity growth using panel data: a. b. C. d. e. f. total factor productivity shocks for particular entities in the panel. total factor productivity shocks for individual entities. there is no economic information that can be retrieved from these coefficients. An increase in total factor productivity that benefits all entities equally a given year. All of the above. None of the above.

A pattern in the coefficients of the time fixed effects binary variables may reveal the following in a study of the determinants of total factor productivity growth using panel data: a. b. C. d. e. f. total factor productivity shocks for particular entities in the panel. total factor productivity shocks for individual entities. there is no economic information that can be retrieved from these coefficients. An increase in total factor productivity that benefits all entities equally a given year. All of the above. None of the above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5 Define total factor productivity (TFP). Show how to use the production function to estimate the TFP for Mexico relative to the United States. (If you want to use numbers, Mexico’s capital per person (k) was 32% of the U.S.’s and its GDP per capita was 30% of U.S.’s in 2014.) Germany has 2% more capital per person that the U.S., and German GDP per person is about 90% of U.S. GDP per person. Is TFP higher in the U.S. or in Germany?
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Graphically show the impact of a positive technological shock. Include all three markets: Labor, Product, Capital. Start with initial steady state. Show impact of shock in the initial market. Next show the propagation mechanism--how it carries over into the other two markets. Show at least one set of the feedback loop, Show the new steady state.
Suppose labor productivity increased by 4% last year. If technological progress was 3%, by how much must have the capital-to-labor ratio increased? A) 3%. B) 2%. C) 1%. D) 0%.
Structural transformation that happens as a process of economic development is characterized by which of the following? [Select Multiple] Group of answer choices As countries develop, the relative contribution of the agricultural sector to total employment and GDP declines As countries develop, the relative contribution of the manufacturing sector to a country's GDP first increases and then falls. As countries develop, the proportion of the population engaged in agriculture stabilizes eventually. As countries develop, the relative contribution of the service sector to a country's GDP first increases and then falls.
Give me correct and accurate answer otherwise i give downvote Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Unemployment rates are spread evenly over segments of the population in different education categories. Asses the validity of this statement. True, unemloyment is a macroeconomic phenomenon affecting all of us equally False, higher levels of education are associated with lower unemployment rates as well as higher wages True, unemployment even influences highly educated and skilled workers as jobs become automated False, individuals without specialized skills can find jobs more easily since they can perform general tasks that are needed in many sectors.
Sketch a production function relating output to labour input. Now imagine that the amount of capital per person increases, thanks to the government borrowing to invest in more capital. Use dotted lines on the same diagram to show the impact on (i) total output and (ii) the average product of labour. Explain your answer. Imagine that the demographic response to a higher standard of living is strongly positive. Using a different colour of line on the same diagram, show how this demographic response to higher incomes would go on to affect incomes in the future. The population is aware that the government borrowing required to finance this capital investment will need to be paid back via tax rises, so they respond by reducing their spending. Using a “Keynesian cross” framework and sketch diagram, model this response as a fall in autonomous consumption, c0.
Ceteris paribus, an increase in productivity would be represented by a movement from A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
For IS-PC-MR, three equation model, what are the the most crucial economic indicators of interested in this framework? Explain how increasing unemployment benefits would affect the labour market in this model
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working