2. From one year to the next, a countrys output rose from 4000 to 4500, its capital...

Question:

2. From one year to the next, a country’s output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750.

Suppose aK = 0.3 and aN= 0.7.

a. How much did capital contribute to economic growth over the year?

b. How much did labor contribute to economic growth over the year?

c. How much did productivity contribute to economic growth over the year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics Global Edition

ISBN: 978-1292318615

10th Edition

Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore

See More Books

Question Posted: Nov 14, 2024 06:00 AM

See More Questions

Each separate response must have approximately 200 words. Assignments vary widely; however, essays should be written in APA style, with in-text citations and a separate reference listing as...
This is an annual report of an Agricultural Marketing Company Ltd . Now ans the question below; Who are the users of the accounting information of this business. ?What are the different types of...
Beginning in the 1990s, the oil company BP promoted its "green" initiatives, which were designed to highlight the company's environmental practices. It launched an alternative energy division and cut...
In April 2016, Vanessa bought 100 shares in Entagon plc at a cost of 5 per share. The company went into liquidation and Vanessa received a first distribution of 40p per share in July 2020. The shares...
What is the difference between accident prevention and safety management?
(a) Derive planar density expressions for BCC (100) and (110) planes in terms of the atomic radius R. (b) Compute and compare planar density values for these same two planes for vanadium.
2. From one year to the next, a countrys output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN= 0.7. a....
Vaughn Company, which uses a periodic inventory system, had a beginning inventory on May 1, of 400 units of Product A at a cost of $7 per unit. During May, the following purchases and sales were...
Congress makes decisions reflective of a . interest groups b . political parties c . constituents d . all of the above
1. In 1970, real GDP per capita was $100 in China and $200 in Nigeria. If real GDP per capita grows 9.5% per year in China and 4.7% in Nigeria, what would be the real GDP per capita in each economy...
3. For Spain, the following capital stock input K and labor input N were reported for the following four years: The stock input and labor input numbers have been rounded off. Suppose that Spains...
Given the demand function Q = 200 2P P A + 0.1Y 2 where P = 10, P A = 15 and Y = 100, find (a) the price elasticity of demand; (b) the cross-price elasticity of demand; (c) the income elasticity of...
Consider the pooled t variable Tp from part (b) of the previous exercise. a. Use this t variable to obtain a pooled t confidence interval formula for 1 2 . b. The article Effect of Welding on a...
Review the video for TeamMate Analytics at http://www.teammatesolutions.com/data-analytics.aspx. After reviewing the video, download a university-allocated version of TeamMate Analytics (Note:...
The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1 4. Albert and Allison received the following form: Albert and Allison paid...
Abigail (Abby) Boxer is a single mother working as a civilian accountant for the U.S. Army. Her Social Security number is 676-73-3311 and she lives at 3456 Alamo Way, San Antonio, TX 78249. Helen,...
Here are the financial statements of Diamond Ltd on 31 December 20x7: Additional information: 1. Favourable market conditions enabled the company to place 200 000 ordinary shares privately with...
An average human weighs about 650 N. If two such generic humans each carried 1.0 coulomb of excess charge, one positive and one negative, how far apart would they have to be for the electric...
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...

2. From one year to the next, a countrys output rose from 4000 to 4500, its capital...

Question:

Step by Step Answer:

Macroeconomics Global Edition

Students also viewed these Business questions