1. The following table shows the data for Canada’s aggregate production function with constant return to scale and the output elasticity with respect to capital equal to 0.3.
|
Year |
GDP (billions of 2002 dollars) |
Capital Stock (billions of 2002 dollars) |
Employment (millions) |
|
1961 |
264.5 |
525.6 |
6.06 |
|
1971 |
437.7 |
824.7 |
8.08 |
|
1981 |
647.3 |
1277.4 |
11.31 |
|
1991 |
808.1 |
1715.1 |
12.86 |
|
2001 |
1120.1 |
2071.1 |
14.94 |
|
2010 |
1325 |
2668.7 |
17.04 |
a). Find the values of total factor productivity for the given years above.
I only used the Capital output elasticity(0.3) mentioned in the question here even though in my notes it mentions it being 0.7 in Canada
Y= (A)(K^αK*)(N^αN)
A= TFP, Y= GDP, K= Capital, N=Labor αK=Capital output elasticity, αN=Labor output elasticity
A= Y/(K^αK)(N^αN) THEREFORE
TFP(1961)= (264.5)/((525.6)^0.3(6.06)) = 6.65
TFP(1971)= (437.7)/((824.7)^0.3(8.08)) = 7.23
TFP(1981)= (647.3)/((1277.4)^0.3(11.31)) = 6.69
TFP(1991)= (808.1)/((1715.1)^0.3(12.86)) = 6.73
TFP(2001)= (1120.1)/((2071.1)^0.3(14.94)) = 7.59
TFP(2010)= (1325)/((2668.7)^0.3(17.04)) = 7.29
Just want to verify my numbers are correct here before moving forward?
b). Complete the following table by calculating the average annual growth rates (%) for GDP, capital stock, employment, and total factor productivity. While it is not necessary to show all your calculations, show the formulae you use, and also explain and illustrate how you obtain your answers.
|
Year |
GDP |
Capital Stock |
Employment |
TFP |
|
1961-1971 |
||||
|
1971-1981 |
||||
|
1981-1991 |
||||
|
1991-2001 |
||||
|
2001-2010 |
In: Economics
Lab Assignment
Part B - Recurrence Intervals
Data from the chart below was collected at the USGS site and includes the 20 largest discharge events for Sweetwater Creek at station 02337000 from January 1, 2008 through May 1, 2015, excluding the dramatic 2009 flood (we will learn more about that later). In order to create a flood-frequency graph, you must first calculate the recurrence interval (one is calculated below as an example). A recurrence interval refers to the average time period within which a given flood event will be equaled or exceeded once. To calculate it, first evaluate the rank of the flood, with a “1” going to the highest discharge event and a “20” going to the lowest discharge event. Calculate the recurrence interval using the following equation:
RI = (n+1) ÷ m
where, RI = Recurrence Interval (years)
n = number of years of records (in this case, 8)
|
m = rank of flood. Peak Discharge Date |
Discharge (cubic ft/sec = cfs) |
Rank |
Recurrence Interval (years) |
|
08/27/2008 |
5,140 |
||
|
03/02/2009 |
2,360 |
||
|
10/13/2009 |
3,290 |
||
|
11/12/2009 |
6,120 |
1 |
9 |
|
12/03/2009 |
2,860 |
||
|
12/10/2009 |
2,170 |
||
|
12/19/2009 |
3,830 |
||
|
12/26/2009 |
2,650 |
||
|
01/25/2010 |
2,500 |
||
|
02/06/2010 |
3,680 |
||
|
03/12/2010 |
3,600 |
||
|
03/10/2011 |
2,350 |
||
|
04/17/2011 |
3,100 |
||
|
02/24/2013 |
2,060 |
||
|
02/27/2013 |
2,190 |
||
|
05/06/2013 |
3,610 |
||
|
12/23/2013 |
3,790 |
||
|
04/08/2014 |
4,170 |
||
|
01/05/2015 |
3,970 |
||
|
04/20/2015 |
2,940 |
In: Advanced Math
I am having a hard time writing these SQL queries. Please specify the following queries in SQL on the database schema shown in the figure below.
| Name | StudentNumber | Class | Major |
| Smith | 17 | 1 | CS |
| Brown | 8 | 2 | CS |
| Kathy | 15 | 1 | EE |
| CourseName | CourseNumber | CreditHours | Department |
| Intro to Computer Science | CSE110 | 4 | CS |
| Data Structures | CSE205 | 4 | CS |
| Discrete Mathematics | MAT240 | 3 | MATH |
| Databases | CSE380 | 3 | CS |
| Analog Circuits | EE260 | 3 | EE |
| SectionIdentifier | CourseNumber | Semester | Year | Instructor |
| 85 | MAT240 | Fall | 2010 | King |
| 92 | CSE110 | Fall | 2010 | Chang |
| 102 | CSE205 | Spring | 2011 | King |
| 112 | MAT240 | Fall | 2011 | Chang |
| 119 | CSE110 | Fall | 2011 | Anderson |
| 135 | CSE380 | Fall | 2011 | Stone |
| 146 | EE260 | Fall | 2011 | James |
| StudentNumber | SectionIdentifier | Grade |
| 17 | 112 | B |
| 17 | 119 | C |
| 8 | 85 | A |
| 8 | 92 | A |
| 8 | 102 | B |
| 8 | 135 | A |
| 15 | 146 | A |
| CourseNumber | PreRequisiteNumber |
| CSE380 | CSE205 |
| CSE380 | MAT240 |
| CSE205 | CSE110 |
| EE260 | MAT240 |
1) Retrieve the course names of all courses with the number of credit hours as 4
2) Retrieve the names of all courses and their respective departments taught by professor Chang in 2010 and 2011
3) For each section taught by Professor King, retrieve the course number, semester, year, and the number of students who took the section
4) Retrieve the name and transcript of each freshman student (Class=1) majoring in EE. Transcript includes course name, course number, credit hours, semester, year, and grade for each course completed by the student
In: Computer Science
Find \( \int \int_SF.Nds \) , that is find the flux of F across S. If S is closed , use the positive (outward) orientation.
\( F(x,y,z)=(2x,2y,z);S \) is the part of the paraboloid \( z=4-x^2-y^2 \) above the xy-plane ; N point upward.
In: Computer Science
We can make a simple model of the human vocal tract as an open-closed tube extending from the opening of the mouth to the diaphragm
Q: What is the length of this tube if its fundamental frequency equals a typical speech frequency of 240 Hz ? The speed of sound in the warm air is 350 m/s.
In: Physics
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The total pressure in the closed container under these conditions is found to be 0.843 atm. Calculate a value for the equilibrium constant, Kp.
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Describe the structure of the Universe, and how we know that it is expanding. Describe the Open and Closed Big Bang theories of the Universe, and the Inflationary model, and the differences between them. Discuss the current version of the Big Bang theory, and its implications for the future of the Universe. Discuss the theory of "dark" matter as it relates to the structure of the Universe.
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17. Use the IS/LM model to predict the effects of each of the following shocks on income, the interest rate, consumption, and investment. Explain and illustrate your answers. Assume price level is constant and the economy is closed.
a. The Fed reducing the money supply
b. The government raising government expenditures and taxes by the same amount.
In: Economics