Many rich countries (and even some middle-income countries like China) are experiencing falling population growth rates today. In the very long run, when population growth falls, predict and explain using all appropriate graphs, mathematics, and words, what happens to 

a. the level of output per worker and the growth rate of output per worker 

b. the level of capital per worker and the growth rate of capital per worker 

c. the level of consumption per worker and the growth rate of consumption per worker 

d. the level of output and the growth rate of output

Transcribed Image Text:

The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: Jan Stock of component X on hand Issued to production 12 Purchased from supplier 01 08 15 18 25 27 Returned to supplier (purchased on 12 January 2022) Issued to production Purchased from supplier Issued to production Required: Calculate the value of closing inventory on 31 January 2022 using the: 2.1.1 First-in-first-out (FIFO) method 2.1.2 Weighted Average Cost Method 150 units @ R24 per unit 110 units 200 units @ R25 per unit 30 units 170 units 140 units @ R26 per unit 130 units (10 marks) (10 marks) The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: Jan Stock of component X on hand Issued to production 12 Purchased from supplier 01 08 15 18 25 27 Returned to supplier (purchased on 12 January 2022) Issued to production Purchased from supplier Issued to production Required: Calculate the value of closing inventory on 31 January 2022 using the: 2.1.1 First-in-first-out (FIFO) method 2.1.2 Weighted Average Cost Method 150 units @ R24 per unit 110 units 200 units @ R25 per unit 30 units 170 units 140 units @ R26 per unit 130 units (10 marks) (10 marks)

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a When population growth falls the level of output per worker and the growth rate of output per work... View the full answer