FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below reports the economic performance of two countries, Microland and Macroland. Microland Macroland GDP growth 6.3% 5.5% Capital growth 2% 22% Labour growth

image text in transcribedimage text in transcribed
The table below reports the economic performance of two countries, Microland and Macroland. Microland Macroland GDP growth 6.3% 5.5% Capital growth 2% 22% Labour growth 10% 20% Assume that the capital share of output is 30% and the labour share of output is 70% in both countries. What is the growth rate of technology for Macroland? Multiple Choice O O 3.6%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inflation, Unemployment And Capital Malformations

Inflation, Unemployment And Capital Malformations

Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini

1st Edition

0429767064, 9780429767067

More Books

Students also viewed these Economics questions

Question

★★★★★
What does risk taking have to do with the use of operating and financial leverage?

Answered: 1 week ago

Question

★★★★★
Explain how newspapers vary based on frequency of publication, format and size, and circulation. AppendixLO1

Answered: 1 week ago

Question

★★★★★
Suppose the density function of a random variable X is where c is a real constant. (i) Find the value of c. (ii) Calculate the expected value of the random variable Y = ln X. f(x)= { 1

Answered: 1 week ago

Question

★★★★★
Earth Company is a manufacturer of circuit boards. The company?s chief financial officer is trying to verify the accuracy of the ending work-in-process and finished goods inventories prior to closing...

Answered: 1 week ago

Question

★★★★★
EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $600 budgeted price and $310 budgeted variable cost. Each billable hour of staff time has...

Answered: 1 week ago

Question

★★★★★
Let B = {y Zly = 10b - 4 for some integer b}, C = {z Z|Z = 10c + 6 for some integer c}. Is B = C? Prove or disprove it.

Answered: 1 week ago

Question

★★★★★
Joe has designed a new smart water filter for industrial applications. Joe calls the water filter the "SMARTY SIEVE". The filter has a novel 3-dimensional shape. Joe asks a Mary to design a logo for...

Answered: 1 week ago

Question

★★★★★
The interview is not the final stage of the employment process. Background checks are frequently conducted to verify the information provided by applicants on their rsums and application forms and...

Answered: 1 week ago

Question

★★★★★
QUESTION 4 (a) Study the following balanced scorecard diagram: Financial perspective Customer perspective Learning and Internal growth perspective processes perspective Analyze how balanced scorecard...

Answered: 1 week ago

Question

★★★★★
1. Production and Inventory Management - Simulation Problem Neo EV is an electrical bus manufacturer headquartered in California. Based on historical sales data and committed contracts, the forecast...

Answered: 1 week ago

Question

★★★★★
Read the article Why Firms Go Green, Schumpeter, 2011, then: a) What type of single stories do you think internal stakeholders of a company may have in regards to Green initiatives? b) What role do...

Answered: 1 week ago

Question

★★★★★
7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Question

★★★★★
6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Answered: 1 week ago

Question

★★★★★
Do not move closer than an arms distance. (This distance literally applies to Northern Europe. In Southern Europe this distance is slightly smaller.) If you get closer than this distance, you seem...

Answered: 1 week ago

Previous Question Next Question