Question: Suppose technology remains constant while labour force grew at a rate of 3.1 percent a year, capital stock grew at 3.2 percent per year, and

Suppose technology remains constant while labour force grew at a rate of 3.1 percent a year, capital stock grew at 3.2 percent per year, and the share of labour income in national income was 70 percent, how fast would potential GDP grow?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

In 20X0, Marquette County opened a landfill that was expected to accept waste for four years. The following table indicates the estimates county officials made at the end of each of the four years:...

Suppose technology remains constant while labour force grew at a rate of 2.6 percent a year, capital stock grew at 3.4 percent per year, and the share of labour income in national income was 70...

lab 10, question 3 Suppose technology remains constant while labour force grew at a rate of 2.9 percent a year, capital stock grew at 2.7 percent per year. and the share of labour income in national...

Suppose technology remains constant while labour force grew at a rate of 2.8 percent a year, capital stock grew at 1.7 percent per year, and the share of labour income in national income was 60...

Question 3 [2 points] Suppose technology remains constant while labour force grew at a rate of 3 percent a year, capital stock grew at 2.9 percent per year, and the share of labour inc in national...

hh explain111 2. Use the geometric series formula to express the present value of payments through p, T and rm, where I'm is the monthly interest rate. Plug in the numeric value for p, 7 and put this...

answers shd be only handwritten Hassan and Dana had bought a property valued at $1,225,000 for 20% down and a mortgage amortized over 25 years on March 1, 2018. They made equal end-of-month payments...

I need the solution forexsercise 33 - 38 on chapter 9of corporate financeas the attached file. pls do and send to my e..8@gmail.com Chapter 9 Stock Valuation 299 9. Corporate Ethics Is it unfair or...

Hello, solving the Rhone Poulenc Rorer case implies usually the use of montecarlo smulation to valuate the CVR. However the professor said to use only Black and Scholes and Binomial combined. I know...

Case: Replacement Decisions Falconville Pump Company, Inc. Brandon Joiner, president and chief executive officer of Falconville Pump Company, Inc., has a potentially serious problem on his hands. The...

accounting project, need some help. got most of the answers, just would like a second look UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO...

Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) to prepare closing journal entries and then post those entries to the...

How are net capital losses of individuals treated for tax purposes? How are net capital losses of corporations treated for tax purposes?

3 Victor sells a line of upscale evening dresses in his boutique. He charges $300 per dress, and sales average 30 dresses per week. Currently, Victor orders a 10- week supply at a time from the...

The MillStone Partnership reported profit of $60,000 for the year ended February 28, 2017. Salary allowances are $45,000 for H. Mills and $25,000 for S. Stone. Interest allowances of 5% are...

During the fiscal year ended November 30, 2017, the profit for Scrimger & Woods Partnership was $84,000. The partners, A. Scrimger and D. Woods, share profit and loss in a 3:5 ratio, respectively....

Fixed profit and loss ratios can be expressed as proportions, fractions, or percentages. For each of the following proportions, determine the equivalent fractions or percentages: Proportions...

R. Black and B. Rivers decide to organize the Black River Partnership. Black contributes $10,000 cash. Rivers contributes $2,400 of accounts receivable, of which the partners agree that $2,000 is...

Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the...

The Statute of Frauds. Kendall Gardner agreed to buy from B&C Shavings a specially built shaving mill to produce wood shavings for poultry processors. B&C faxed an invoice to Gardner reflecting a...

Given the increased complexity of employees work and the demand for certain competencies, will online modules be an effective way to train employees at Elevated? What other cost-effective methods of...

You work in an organization that focuses on wine sales and marketing. Recently, there have been a number of complaints about a particular customer service representative in terms of the accuracy of...

In groups of 3-or 4, develop a list of behaviours or skills that would improve your performance as a team member. For each behaviour or skill, identify 1-or 2 training methods that would be...