wages and prices are which hellps the economy get back to potential GDP a- increasin technology b- increasing physical capita c- flaexible d- increasin human capital
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wages and prices are which hellps the economy get back to potential
a- increasin technology
b- increasing physical capita
c- flaexible
d- increasin human capital
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- QUESTION 16 Sat Aroer A. If 60 per cent of the population in a country is employed and average labour productivity equals $20,000. Calculate real GDP per person a. If real GDP por person in this incroases to "$10,000" and labour productivity is $15,000, What is the percentage of the population is employed? for the tooher, pres ATIFIOer ALTfNFI0 Macworn out in the production process. ment Now IzMe: Section 2.7 uge your comprehension of this section. To begin, please click the wnward arrow located at the top right of this box. Assignment Score: 0.00% Submit Assignment for Grading Save ns tu2et10h_Ch02_Sec07.02m « Question 2 of 3 » Check My Work Three different economies have made choices about the production of capital goods. Which of the following is most likely to produce the greatest growth in the production possibilities curve (PPC)? O a. Less production of capital goods than what is needed to replace worn-out capital. Ob. Capital goods produced at the exact rate needed to replace worn-out capital. c. More production of consumption goods that replace worn-out capital. O d. Greater production of capital goods than what is needed to replace worn-out capital. MacBook Air DD F6 EZ F8 F9 F10 F11 F12 & * 6 7 8 { P + 000how do gains in worker productivity lead to gains in per capita GDP a- As workers produce more, their wages will rise an d they will have more disposable income for consumption, leading to a rise in GDP per capita. b- The amount a worker can produce
- The table below shows the production possibilities in Mistania between 2014 and 2015. Using the information in this table, answer the questions below. Mistania, 2014 Cell phones 0 40 80 120 160 Growing economy OShrinking economy ONeither What does the shift from 2014 to 2015 represent? Mistania, 2014 Washing machines What could be a reason for the shift? 400 300 200 100 0 Mistania, 2015 Cell phones 0 60 120 180 240 Mistania, 2015 Washing machines OTechnological advances in the production of cell phones and washing machines OIncreases in the price of cell phones and washing machines OGreater demand for cell phones and washing machines OLoss of resources for the production of cell phones and washing machines 600 450 300 150 0In his 2020 State of the Nation Address (SoNA), president of South Africa humbly noted... "Even if we [the government] were to marshal every single resource at our disposal, and engage on a huge expenditure of public funds,we would not alone be able to guarentee employment to the millions of people who are out of work". Without growth there will be no jobs,and without jobs there will be no meaningful improvement in the lives of our people". Using the South African SoNA 2020 as a reference,discuss the examples of the different ways that South African government intervenes in the economy.Construct the cost-of-living index number for 2020 on the basis of 2018 from the given data. Advice a donor agency on what course action to take if the information is meant to help them make a decision on some food stipend being for a social protection program in Kenya. Commodities PRICE Weights 2018 2020 A 200 400 50 B 200 350 40 C 100 150 65 D 80 120 45 E 60 180 20 F 90 157.5 60 G 300 585 100 b. The average prices and quantities of six items grown in Nakuru County are shown in the following table: 2020 2021 Items Price (Kshs/Kg) Quantity (Kg,000) Price (Kshs/Kg) Quantity (Kg,000) Pineapples(A) 10 6 14 8 Oranges(B) 10 8 15 14 Bananas(C) 15 8 20 16 Beans(D) 30 12 25 20 Wheat(E) 40 15 60 21 Millet(F) 50 10 80 16 Using 2020 as base year, compute Kelly’s and Fishers Price index numbers…
- What impact does technological change have on the economy?Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?
