1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrew-mc [135]
3 years ago
6

Scenario: Technological Progress and Productivity Growth in Techland In Techland, from 1980 to 2010, holding technology and huma

n capital fixed, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real GDP per worker, from $40,000 to $80,000. However, not only did physical capital per worker increase from $25,000 to $100,000, but technological progress shifted the productivity curve upward so that real GDP per worker actually increased from $40,000 to $320,000. Look at the scenario Technological Progress and Productivity Growth in Techland. What share of the growth rate of real GDP per capita was attributable to higher total factor productivity?
Business
1 answer:
andre [41]3 years ago
8 0

Answer:

The growth of the real GDP per capita was 7.18%

Explanation:

It is important to establish that:

Future Value = Present Value × ((1 + r)^t), given that <em>r</em> is the <em>interest rate</em> and <em>t</em> is the <em>time period</em>  

Real GDP per worker increased from $40,000 to $320,000 in 30 years    

Therefore, we have;

320000 = 40000*(1+r)^30    

(1 + r)^30 = 8    

1 + r = 8^1/30    

1 + r = 1.0718    

r = 0.0718 = 7.18%

You might be interested in
If consumption expenditures are $500 million, net investment is $100 million, depreciation equals $5 million, imports are $50 mi
erik [133]
Your answer is........C) $830 million.
8 0
3 years ago
A techno entrepreneur
katrin [286]

Answer: A technology entrepreneur is an investment in a project that assembles and deploys.

Explanation: Hope this helps!

4 0
3 years ago
Garrett Company provided the following information:
uysha [10]

Answer:

Overall operating profit will decrease by $25,000

Price is $32.5

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

                                                                                          $

Lost contribution from products 2  

(15-10)× 20,000                                                            (100,000)

Savings in direct fixed cos                                        <u>   75,000</u>

Net loss from the drop of product 2                         <u>  (25,000)</u>

Overall operating profit will decrease by $25,000

Mark up is the proportion of cost as profit

Price = cost + (mark-up %×  cost

Price = 25 + (30%× 25) = 32.5

Price is $32.5

3 0
3 years ago
In 2010, the MoreForLess Company had revenues of $2,000,000 while costs were $1,500,000. In 2011, MoreForLess will be introducin
Harlamova29_29 [7]

Answer:

Differential profit Profit = $40,000

Explanation:

<em>The differential operating profit is the difference between the operating profit before the introduction of the product and after the introduction of the new product</em>

<em>Profit = Revenue - costs</em>

Profit before the introduction of the new product

= 2,000,000 - 1,500,000 = 500,000

Profit after the introduction of the new product

New revenue =  (2,000,000 + 200,000) = 2,200,000

Cumulative cost = 1,500,000 + 160,000 =  1,660,000

Profit = 2,200,000 - 1,660,000 = 540000

Differential profit Profit =  540,000 - 500,000= $40,000

4 0
3 years ago
Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
Nata [24]

Answer:

merge law and equity

Explanation:

In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.

However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.

In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

If this does not work he can use the law to compel them to comply.

7 0
2 years ago
Other questions:
  • When a firm takes existing products and attempts to sell them to new markets, this growth strategy is considered: A. Market deve
    8·1 answer
  • Which is an example of a withholding you might see on your paystub.
    10·1 answer
  • he following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale w
    11·1 answer
  • A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
    8·1 answer
  • During the employee selection process, the screening interview is often conducted by: the current workers in the applicant's dep
    9·1 answer
  • Please help business
    9·1 answer
  • Which is true about people working in a market economy who have labor skills that are in demand?
    9·1 answer
  • John has a gross income of $60,000. He is single and is choosing to take a deduction for all single people amounting to $6,300.
    14·1 answer
  • In an electric motor, a commutator
    7·1 answer
  • a high school in a low-income area offers special programs to help students acquire the technical skills needed to find jobs as
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!