Question

In: Economics

From one year to the next, a country’s output rose from 4,000 to4,500, its capital...

From one year to the next, a country’s output rose from 4,000 to 4,500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2,000 to 1,750. Suppose aK = 0.3 and aL = 0.7. 11. How much did capital contribute to economic growth over the year? 12. How much did labor contribute to economic growth over the year? 13. How much did productivity contribute to economic growth over the year?

Expert Solution

Given data

Output rose from 4000 to 4500

Capital stock rose from 10000 to 12000

labour force declined or labour stock falls from 2000 to 1750

( output elasticity of capital)

11)

Capital contribute to economic growth over the year

12)

Labour contribute to economic growth over the year

13)

Productivity contribute to economic growth over year

Productivity cotribute to economic growth over the year is 15.25%

Rahul Sunny answered 2 years ago

Bob has capital losses of $4,000 that exceed his capital gains in the current year. Of...

Bob has capital losses of $4,000 that exceed his capital gains in the current year. Of this amount, $1,200 is a short-term capital loss and $2,800 is a long-term capital loss. What is the amount and character of the capital loss carryforward? a. It will be a $1,000 capital loss pro rated between short-term ($300) and long-term ($700) based on the total amount of the excess capital loss. b. It will be a $1,000 long-term capital loss because Bob must...

$4,000 is invested at 8%. Equal payments will be received one year and three years from...

$4,000 is invested at 8%. Equal payments will be received one year and three years from now. Determine the size of the payment if the focal date is: A. Now. B. One year hence. C. Three years hence.

Rolodex Inc. is in the process of determining its capital budget for the next fiscal year....

Rolodex Inc. is in the process of determining its capital budget for the next fiscal year. The firm’s current capital structure, which it considers to be optimal, is contained in the following balance sheet: Note: For this problem, use the book value of the items to get the capital structure. However, you normally want to use the market values. Long-term debt is the only debt capital structure account. Add common stock, capital in excess of par, and RE to get...

Assume that a war reduces a country’s labor force but does not directly affect its capital...

Assume that a war reduces a country’s labor force but does not directly affect its capital stock. If the economy was in a steady state before the war and the saving rate does not change after the war, then, over time, what can you say about the growth rate of capital per worker and output per worker as compared to before he war?

Between last year and this year, the CPI in Blueland rose from 100 to 108 and...

Between last year and this year, the CPI in Blueland rose from 100 to 108 and the CPI in Redland rose from 100 to 104. Blueland’s currency unit, the blue, was worth $0.90 (U.S.) last year and is worth $0.80 (U.S.) this year. Redland’s currency unit, the red, was worth $0.45 (U.S.) last year and is worth $0.40 (U.S.) this year. Consider Blueland as the home country. a. Calculate Blueland’s nominal exchange rate with Redland last year. Instructions: Enter your...

Between last year and this year, the CPI in Blueland rose from 100 to 115 and...

Between last year and this year, the CPI in Blueland rose from 100 to 115 and the CPI in Redland rose from 100 to 110. Blueland’s currency unit, the blue, was worth $0.90 (U.S.) last year and is worth $0.75 (U.S.) this year. Redland’s currency unit, the red, was worth $0.60 (U.S.) last year and is worth $0.50 (U.S.) this year. Consider Blueland as the home country. a. Calculate Blueland’s nominal exchange rate with Redland last year. Instructions: Enter your...

In a hypothetical world, between last year and this year, the CPI in Mexico rose from...

In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 115 and the CPI in Russia rose from 85 to 100. Mexico's currency unit, the Peso(MXN), was worth 8.81(MXN) per Canadian dollar last year and is worth 8.73(MXN) per Canadian dollar this year. Russia's currency unit, the Ruble(RUB), was worth 23.28(RUB) per Canadian dollar last year and is worth 23.14(RUB) per Canadian dollar this year. a) Find the percentage change from last...

65. As a mathematical truism, a country’s current account deficit must equal: (a) its capital account...

65. As a mathematical truism, a country’s current account deficit must equal: (a) its capital account surplus; (b) its nominal GDP; (c) the level of its imports; (d) its central government’s budget deficit. 66. If a country is labelled “a debtor nation;” (a) it has a high level of consumer debt, such as credit card debt; (b) the value of its assets abroad is less than the value of assets in that country owned by foreigners; (c) it is not...

If a country’s current account has a $200 million surplus and its capital account balance has...

If a country’s current account has a $200 million surplus and its capital account balance has a $30 million deficit, then its financial account balance must have a _____________. a) $170 million deficit correct b) $170 million surplus c) $230 million surplus d) $200 million deficit e) $230 million deficit

A professional football team is preparing its budget for the next year. One component of the...

A professional football team is preparing its budget for the next year. One component of the budget is the revenue that they can expect from ticket sales. The home venue, Dylan Stadium, has five different seating zones with different prices. Key information is given below. The demands are all assumed to be normally distributed. Seating Zone Seats Available Ticket Price Mean Demand Standard Deviation seat zones - Seat availability - Ticket Price - Mean demand - standard deviation. First Level...