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- Please answer both of these sub-sections of questionsUsing the annual data for the period of 2000 and 2010, Prof Omanya applied a Cobb -Douglas production function to estimate the production for the Kenya's manufacturing sector using firms listed on Nairobi Securities Exchange. His results were given as: Q= K0.45 L0.55 Where Q = units of output; L = units of Labor; and K = units of capital What are the marginal products of Labor and Capital? Calculate the factor intensity and explain the technique of production that is being used by Prof Omanya How would you characterize the Kenya's manufacturing sector in terms of returns to scale? What are the main three causes of such returns to scale?Explain what multicollinearity . What are the main problems that multicollinearity creates for OLS estimation results ? Give two ways to detect multicollinearity problem and the hypothesis that are tested ?
- Question 8/27 With Logit model, an estimated econometric model has information as follows: Dependent variable is the probability to be in the labor force (inlbforce): Inlbforce: =1 if being in the labor force; 2 independent variables: Age: age in years; Educ: education level; Kids6: number of kids less than 6 years old. All indep variables are statistically significant. The estimated coefficient of Age equals -0.035; The estimated coefficient of Edh equals 0.0261; The estimated coefficient of Kids6 equals -0.103; Intercept coefficient equals-1.283 The right value of z when age = 45, educ = 13, kids6 = 2 equals: O -2.7247 O -3.7256 O 3.7247 Go to question * PREVIOUS NEXT > AddressBureau of Economic Analysis in the USA is responsible for construction and maintenance of national income and product accounts (NIPA). Measurement began in the 1930s due to frustration of Roosevelt and Hoover trying to design policies to combat the Great Depression. Simon Kuznets (Nobel laureate) was commissioned to develop initial methodology and estimates. In 1947, the process became much more consistent. Methodologies have frequently been changed (improved?) as a result of advances in economics, accounting, and data collection. Past data are then revised to reflect new definitions. On the following information, calculate GNP at factor cost. Whether GNPFC derive from income method equivalent to expenditure method? S.No. Items Rs. (In Crores) 1 Private final consumption expenditure 1000 2 Net domestic capital formation (Investment) 200 3 Profit 400 4 Compensation of employers (Wages and salaries) 800 5 Rent 250 6 Government final consumption expenditure…Which of the equations given below regarding national calculations is correct?A) GDP - Depreciations = GNPB) GDP - Depreciations = Domestic RevenueC) National Income + Net Foreign Factor Revenues = Domestic IncomeD) National Income - Personal Income = Income TaxE) GNP = Depreciation + SMH
- Question 7 1) Listen Cities often want to determine how much additional law enforcement will decrease their murder rates. A simple model with cross-section data at the provincial level to address this question is (1) murdpc-Bo+Bipolpc+Bzincpc+Bapvty+u where murdpc is murders per capita, polpc is number of police officers per capita, incpc is income per capita and pvty is the percent of people in the city that are below a poverty line and u is the error term. Suppose that the supply of polpc is a function of murdpc described by the following equation (2) polpc=6o+8ımurdpc+5zincpc+53stax+v where stax is the percent of sales tax in the province in which the city is located and v is the error term. The reduced form equation of murdpc is a regression model of this variable as a function of the following variables plus an error term incpc, stax O incpc, stax, pvty O none of the other answers are correct O stax, pvty O incpc, pvtyHow would you describe this data?10-5. From the data given below construct index number of the group of four commodities by using Fisher's Ideal Formula : Base Year Current Year Commodities Price per unit (Rs.) Expenditure (Rs.) Price per unit (Rs.) Expenditure (Rs.) 40 75 4. 16 8. 40 10 24 D. 25 10 60
- Please tell me what are the correct awnser for the following questions 11)12) they are multiple choice and unrelated questions to each other please tell me only which ones are correct Thank you Please see the attached picture has the graph which needs to be analysed to awnser question 12. 11 The UK GDP per capita measures: Select one or more: a. the total output of London’s economy. b. the average disposable income of a UK national. c. the total output of the UK nationals, divided by the number of the nationals. d. the total output of the UK’s economy, divided by the country’s population. 12 Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe’s population died. (SEE ATTACHED PICTURE) Select one or more: a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average…number 1 pleaseHow do you interpret the R-squared obtained from running this regression?