Homework Answers
Answer : GDP per worker tell us about country economic output divided by total population. It is the best measurement of a country standard of living.
GDP per worker between the pristine and meritor shows that the difference of purchasing power partity. When the productivity is lower and population is higher than this result in the lower GDP per capita of the pristine as compared to meritor. Meritor has more GDP per capita as compare to pristine country. As meritor productivity are higher and population is less.This shows that purchasing power partity of the meritor country is higher.
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Suppose that there are two countries Pristine and Meritor. Pristine has twice the amount of physical...
Suppose that there are two countries Pristine and Meritor. Pristine has twice the amount of physical...
Suppose that there are two countries Pristine and Meritor. Pristine has twice the amount of physical capital per worker, human capital per worker and natural resources per worker as Meritor. However Pristine is half as productive as Meritor. What can you conclude about the differences in GDP per worker between Pristine and Meritor?
- /5 pts 11:59 PM CST Productivity: $40,000+ 20,000 --- $10.000 30.000 Physical capital per worker...
- /5 pts 11:59 PM CST Productivity: $40,000+ 20,000 --- $10.000 30.000 Physical capital per worker Imare Description In the relationship depicted by the curve Productivity, which of the following statements are true regarding the relationship between physical capital per worker and real GDP per capital for both countries? These countries experience increasing returns to physical capital per worker with technology and human capital per worker being forced These countries experience diminishing returns to physical capital per worker with technology...
Consider three counties, Britania, Zstan and Kryptan. These countries are similar in many aspects including technology,...
Consider three counties, Britania, Zstan and Kryptan. These countries are similar in many aspects including technology, the level of education of the workforce and the supply of natural resources. However, Zstan has a higher savings rate than Britania while Kryptan has a lower savings rate. Draw a per-worker aggregate production function representing these countries, and plot points to show the possible combinations of physical capital per worker and real GDP per worker in each of these nations, labeling Brittania (B),...
statements as true or false. 1. All else equal, countries with more natural resources have a...
statements as true or false. 1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources 2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. 3. The key to prosperity in the 20th century is an economy rich in natural resources. 4. Human and physical capital are only beneficial to an economy when there is an abundance of...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both countries Suppose that currently...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both countries. Suppose that currently...
Suppose there are two very similar countries (call them Countries A and B). Both countries have...
Suppose there are two very similar countries (call them Countries A and B). Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries), they both depreciate capital at the same rate (d), they both save at the same saving rate (s), and there is no technological progress in either country. Suppose that we observe that Country A currently has twice the amount of capital that Country B has....
Suppose there are two very similar countries (call them Countries A and B). Both countries have...
Suppose there are two very similar countries (call them Countries A and B). Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries), they both depreciate capital at the same rate (d), they both save at the same saving rate (s), and there is no technological progress in either country. Suppose that we observe that Country A currently has twice the amount of capital that Country B has....
Suppose there are two very similar countries (call them E and F). Both countries have the...
Suppose there are two very similar countries (call them E and F). Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and there is no technological progress. Suppose that currently both countries are in steady state, when an earthquake destroys half of the capital stock of...
Suppose there are two very similar countries (call them E and F). Both countries have the...
Suppose there are two very similar countries (call them E and F). Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and there is no technological progress. Suppose that currently both countries are in steady state, when an earthquake destroys half of the capital stock of...
Suppose that there are two countries Pristine and Meritor. Pristine has twice the amount of physical capital per worker, human capital per worker and natural resources per worker as Meritor. However Pristine is half as productive as Meritor. What can you conclude about the differences in GDP per worker between Pristine and Meritor?
- /5 pts 11:59 PM CST Productivity: $40,000+ 20,000 --- $10.000 30.000 Physical capital per worker Imare Description In the relationship depicted by the curve Productivity, which of the following statements are true regarding the relationship between physical capital per worker and real GDP per capital for both countries? These countries experience increasing returns to physical capital per worker with technology and human capital per worker being forced These countries experience diminishing returns to physical capital per worker with technology...
statements as true or false. 1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources 2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. 3. The key to prosperity in the 20th century is an economy rich in natural resources. 4. Human and physical capital are only beneficial to an economy when there is an abundance of...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both countries Suppose that currently...
Notice this is a multiple answers question. Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N and 9N are identical in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and technological progress happens at the same rate in both countries. Suppose that currently...
Suppose there are two very similar countries (call them E and F). Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries). Both countries depreciate capital at the same rate, the both have the same savings rate, they both have the same technology, and there is no technological progress. Suppose that currently both countries are in steady state, when an earthquake destroys half of the capital stock of...
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