An economy produces capital and consumer goods. Discuss the impact on the PFF due to the following: a) The discovery of a new source of oil. b) The unemployment rate in the economy has decreased by 5%. c) Improved technology that impacts the production of capital goods.
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An economy produces capital and consumer goods. Discuss the impact on the PFF due to the following:
a) The discovery of a new source of oil.
b) The
c) Improved technology that impacts the production of capital goods.
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- Which of the below actions is likely to LOWER labor productivity and lower the economy's GDP (the gross domestic product and the size of the economy)? A) Hiring lots of workers with lower skills and using less machinery, computerization, tools, and equipment. B) Shifting from labor-intensive technology to more advanced technology that uses less worker-time to produce a set quantity of output. C) Greater investment in physical capital such as better and more advanced machinery and tools (physical capital). D) Better and higher education and training for workers.The following equations describe a small economy. Figures are in millions of dollars; interest rate (i) is in percent per annum. Assume that the price level (P) is fixed. Goods Market C = Co + cYD (Private consumption) YD = Y + TR – T (Disposable income) T = To + tY (Total taxes) I = Io – bi (Private investment) G = Go, TR = TRo (Gov. Expenditure and Transfers, respectively) Y = C + I + G (Goods mkt. equilibrium condition) Money Market L = kY- hi (Demand for real balances) Ms = Mo/P (Real money supply) L = Ms (Money mkt. equilibrium condition) Endogenous Variables: C, YD T, I, Y, L, Ms and i Exogenous Variables: Co = 300, To = 80, Io = 450, Go = 300, TRo = 100, Mo = 350, P =1 Parameters: c = 0.85, t = 0.15, b = 50, k = 0.25 and h = 62.5 Policy…The figure below shows national saving (NS) and investment demand (ID ) for the hypothetical country of Slovappa. Real GDP is equal to potential GDP. The numbers are in billions of dollars. NSo NSI i4 Quantity of Investment and Saving (S) As a result of the increase in business confidence, the interest rate would now be a) i4 b) i2 c) i3 d) i* Real Interest Rate
- Gross Domestic Product ( GDP) is limited as a measure of the productivity and output of an economy because it does not measure volunteer time and other goods and services that are not paid for. True or False?You looked at many economic indicators, including data regarding unemployment, GDP, housing starts, and consumption spending. Which of the following economic indicators NOT including those four would you likely see to support this analysis of the economy? The consumer confidence index is likely rising Inflation (the general price level of goods and services) is likely increasing Stock share prices are likely decreasing New businesses are likely being openedChina's economy to grow 8% annually from 2006 to 2010 The Chinese economy is expected to grow at a rate of 8 percent a year between 2006 and 2010. China's goal is to quadruple its GDP. By the end of 2010, China's GDP will be equal to US $2.3 trillion or US $1,700 per person (2005 dollars) and by 2020, China's GDP will be equal to US $4.7 trillion, or US $3,200 per person. What is the population growth rate assumed in the calculations of GDP per person from 2010 to 2020? The population growth rate over the ten year period from 2010 to 2020 is Source: China Daily, March 21, 2005 percent. O A. 19.25 В. 16.1 O C. 0.015 D. 88.2 Click to select your answer. MacBook Air DII 20 000 000 F11 F12 F9 F10 F6 F7 F8 esc F3 F4 F5 F1 F2 & ! @ 2$ %3D delete 4 5 6. 7 8 1 2 { P T Y Q W tab G H J K A S D F caps lock 7 N M V X ~の B # 3
- According to the East Asia and Pacific Economic Update published by the World Bank in April 2015, the following factors have affected China's real GDP in 2015. - A) Global economic recovery supports a moderate increase in China's exports. B) China benefits from a fall in the world price of oil C) Chinese government to cut excess capacity in heavy industry through an advance in D) U.S. firms to relocate their labor-intensive manufacturing industries to low-cost countries. Explain how each of the above factors changes China’s short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.Suppose that Indonesia's national production function is Y = K 05L 05, where K is the amount of land and Lis the amount of labor. The economy starts when the amount of land owned is 100 units and the number of workers is 100 units. Calculate the following indicators. a. How much output is produced? b. What are the labor wages and land rent? c. What is the share of the output received by labor? d. If a natural disaster occurs that causes the population to be reduced by half, what is the new level of national output? e. What are the new rates of labor wages and land rent? f. What share of output does the labor receive now?An increase in GDP can result from an increase in Group of answer choices the labor supply. productivity. physical capital. all of the answers.
- The graphs show the productivity curve for an economy. In the left graph show the effect of an increase in physical capital. Draw either a new productivity curve or an arrow along the curve showing the direction of change. In the right graph, show the effect of an increase in human capital. Draw either a new productivity curve labeled PC, or an arrow along the curve showing the direction of change. >>> Draw only the objects specified in the question. Real GDP per hour of labor (2009 dollars) O 32- Real GDP per hour of labor (2009 dollars) o 32- 28- PCo 28- PCo 24- 24- 20- 20- 16- 16- 12- 12- 8- 8- 4- NextWhich of the following is an example of a final good or service? wheat a bakery purchases to make bread. a computer purchased by Federal Express to track shipments. O lumber purchased by a construction company to used in building houses. coffee beans Starbucks purchases to make coffee.Suppose a silver miner finds a silver nugget and sells the nugget to a mining company for $200. The mining company melts down the silver, purifies it, and sells it to a jewelry maker for $800. The jewelry maker fashions the silver into a necklace that it sells to a department store for $1,000. Finally, the department store sells the necklace to a customer for $1,500. The value added by the silver miner is $ The value added by the mining company is $ The value added by the jewelry maker is $ The value added by the department store is $ The total contribution to GDP is $ Enter whole numbers with no commas or dollar signs. ASUS
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