Question

In: Economics

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living...

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity of people and reversal of the increase in income equality that kept productivity growth. Using a case study of your choice in Namibia, assess the short and long run economic, and employment impacts of infrastructure investment. In your assessment, show (estimate) and discuss the likely impact on overall economic activity productivity and the number and the types of jobs. Furthermore, you are required to discuss how the investments are financed.

Solutions

Expert Solution

Rahul Sunny answered 7 months ago
Next > < Previous

Related Solutions

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living...
In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity of people and reversal of the increase in income equality that kept productivity growth. Using a case study of your choice in Namibia, assess the short and long run economic, and employment impacts of infrastructure investment. In your assessment, show (estimate) and discuss the likely impact on overall...
Explain how an economy can experience long-run economic growth and deflation at the same time?
Explain how an economy can experience long-run economic growth and deflation at the same time?
Consider an economy at long-run macroeconomic equilibrium. Now, suppose that economy experiences 10% economic growth. a....
Consider an economy at long-run macroeconomic equilibrium. Now, suppose that economy experiences 10% economic growth. a. Show the economic growth on a graph. b. If aggregate demand increases by 15% over the same timeframe, show the effects on price level and real GDP on the same graph as part a. c. List four factors that would cause the aggregate demand increase mentioned in part b.
Explain how will each of these affect the economy in the short run and the long...
Explain how will each of these affect the economy in the short run and the long run (in terms of output, unemployment and inflation) 3. For each of the following what kind of monetary policy do you suggest? a. Government decides to take policy to reduce deficit. b. Construction workers goes on a strike for 2 months. c. US dollar depreciates with respect to euro d. People become more optimistic about the economy e. Productivity of U. S workers increase...
Suppose the economy is in long-run equilibrium.
Scenario 1 - Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. Scenario 1 - Pessimism. Which curve shifts and in which direction? aggregate demand shifts right aggregate demand shifts left aggregate supply shifts right. aggregate supply shifts left.
Discuss how the coronavirus pandemic is affecting the various aspects of the Namibian economy explained in...
Discuss how the coronavirus pandemic is affecting the various aspects of the Namibian economy explained in the economic outlook. [20 marks] Suggest the possible policies the government must take to counteract the effects of the coronavirus pandemic on the economy. [20 marks]
How domestic economic policy & decisions are made in the short run and in the long...
How domestic economic policy & decisions are made in the short run and in the long run.
What are the economic priorities, challenges, and issues of native Americans living on reservations?
What are the economic priorities, challenges, and issues of native Americans living on reservations?
Explain how the long run differs from the short run in pure competition. Provide an example...
Explain how the long run differs from the short run in pure competition. Provide an example of a short-run adjustment and an example of a long-run adjustment a firm might consider when costs start to increase. Your answer to the discussion question should be 150-200 words.
HOW DISCUSS THE ECONOMIC CONCEPT OF THE LONG RUN AVERAGE COST CURVE AND HOW IT CAN...
HOW DISCUSS THE ECONOMIC CONCEPT OF THE LONG RUN AVERAGE COST CURVE AND HOW IT CAN BE USED TO EXPLAIN RETURN TO SCALE. ONE NEEDS TO TAKE INTO ACCOUNT THE FACTORS THAT RESULT IN RETURN TO SCALE..
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT