Economists often lament the low level of national saving. Low saving impedes capital growth, productivity, and...

Economists often lament the low level of national saving. Low saving impedes capital growth, productivity, and living standards. For this reason, economists tend to favour policies designed to increase saving. Suppose that all Canadians choose to increase their saving. What would be the effect of increased saving on the value of the dollar and on net exports?

Expert Solution

Rahul Sunny answered 2 years ago

Explain why productivity growth, saving and new technologies are crucial for maintaining economic growth. Describe how...

Explain why productivity growth, saving and new technologies are crucial for maintaining economic growth. Describe how immigration and property rights influence economic growth

Economists observe growth in economies over time. You notice they use terms such as productivity and...

Economists observe growth in economies over time. You notice they use terms such as productivity and GDP in order to explain economic growth. I want you to think of examples of economic growth in the modern day. Think of factors that impact growth in a positive or negative light. For this assignment I want you to choose any country that you would like to focus on, in terms of economics. Every country can improve their standard of living through different...

Companies often invest in training their employees to raise their productivity. Economists sometimes wonder why companies...

Companies often invest in training their employees to raise their productivity. Economists sometimes wonder why companies spend money on training employees when this incentivizes other companies to poach their employees with higher salaries since the employees gain human capital from training. Imagine it costs a company 25,000 dollars to teach their employees Python, but it also raises their output by 2,500 dollars per month. The company discounts the future at rate of ?=0.01r=0.01 per month. a. For how many full...

Economists often refer to the slow down in population growth that started (in developing countries) as...

Economists often refer to the slow down in population growth that started (in developing countries) as the “demographic transition.” What are the key causes of the demographic transition? What policies should a developing country follow to reduce population growth?

1. An increase in saving that leads to more capital accumulation ________ labor productivity. decreases increases...

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Explain how the following factors will change labor productivity: Saving and investment in capital. Advances in...

Explain how the following factors will change labor productivity: Saving and investment in capital. Advances in technology. Increase in human capital.

If the share of GDP used for capital goods is 0.02, the growth rate of productivity...

If the share of GDP used for capital goods is 0.02, the growth rate of productivity is 0, the growth rate of population is 0.03, the depreciation rate is 0.07, the initial capital/output ratio is 3.67, and the elasticity of GDP with respect to capital is 0.1, then what is the growth rate of the capital/output ratio? Use 2 decimal places.

If the share of GDP used for capital goods is 0.12, the growth rate of productivity...

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If the share of GDP used for capital goods is 0.28, the growth rate of productivity...

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most development economists concur that the level and rate of GDP growth of and per capita...

most development economists concur that the level and rate of GDP growth of and per capita income are not sufficient measures of a country's development. What is the essence of their argument

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