Business

Business, 31.07.2019 19:00, Simplytaylorgrenade

The economic growth model explains growth in real gdp per capita in the long run. because of the importance of labor productivity in explaining economic growth, the economic growth model focuses on the causes of increases in long-run labor productivity. what are the key factors that determine labor productivity? (mark all that apply.)

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Business, 08.07.2019 16:20, starwarsfan1975

Consider the economies of sporon and gribinez, both of which produce agricultural products using only land and labor. the following tables show the supply of land, population size, and real gdp for these two economies from 2020 to 2023. calculate real gdp per capita for the two economies, and complete the last column of the following two tables. sporon year land population real gdp real gdp per capita (acres) 2020 20,000 1,000 $15,000 2021 20,000 2,000 $28,000 2022 20,000 3,000 $36,000 2023 20,000 4,000 $40,000 gribinez year land population real gdp real gdp per capita (acres) 2020 20,000 500 $4,500 2021 20,000 1,000 $10,000 2022 20,000 1,500 $16,500 2023 20,000 2,000 $24,000 rapid population growth tends to threaten economic growth in economies with land-to-labor ratios. which of the following is a correct description of the effect of population growth on economic growth in gribinez from 2020 to 2023? real gdp per capita rose from 2020 to 2023 as population increased. real gdp per capita fell initially but eventually rose as population continued to expand. real gdp per capita fell from 2020 to 2023 as population increased. real gdp per capita rose initially but eventually fell as population continued to expand. the english economist thomas malthus made an incorrect prediction regarding long-run living standards. his error can largely be traced to his not recognizing the importance of .

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Business, 15.07.2019 00:00, icameforhelp

Economists use real gdp per capita to measure economic growth: even though nominal gnp per capita is a far superior measure of economic growth. because poor nations have a large population and the population of richer nations is declining. because it is the inflation-adjusted value of a country's production of goods and services corrected for the change in a country's population. because it ignores the effect of price changes. 2. the best available measure of the standard of living in a country is: nominal gdp per capita. the unemployment rate. real gdp per capita. the growth rate of productivity. 3. if a country has a population of 1,000, an area of 100 square miles, and a gdp of $5 million, then its gdp per capita is: $5 million. $500. $50,000. $5,000. 4. if technology improves, then it takes more inputs to produce the same output as the last period. a. true b. false

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Business, 01.10.2019 02:00, samy14

The lower birthrate in chinaa. will solve its population problem leading to a rapid growth in real gdp per capita as gdp will increase more than its population.b. will result in a labor force containing more educated and healthier young workers, resulting in a rapid growth of its real gdp per capita.c. will china to maintain its high rates of productivitygrowth, due to the transition from a centrally planned economy to a market economy so china's growth rate in real gdp per capita is likely to decrease.d. will shrink its labor force, which will include mostly less educated and less healthy older workers, resulting in a slower growth in its real gdp per capita.china has experienceda. slow growth in the short run but their experiment will demonstrate that the country can maintain high rates of economic growth in the long run while its citizens are denied political freedoms.b. a high long-term growth by spending 50 percent of gdp oninvestment, but the government may have boosted this growth at the expense of the health of the economy in the short run.c. high rates of growth in the short run by spending heavily on physical capital, infrastructure, and property but their lack of democracy can slow growth in the long run.d. moderate growth in the short run by spending heavily on physical capital, infrastructure, and property but their growth potential in the long run is much higher.

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Business, 01.10.2019 04:30, chris4212

The economic growth model explains growth in real gdp per capita in the long run. because of the importance of labor productivity in explaining economic growth, the economic growth model focuses on the causes of increases in long-run labor productivity. what are the key factors that determine labor productivity? (mark all that apply.) a. trade b. efficiency wages c. quantity of capital per hour worked d. technological change

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