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
Elena-2011 [213]
3 years ago
5

1. Graphically illustrate and explain the effects of an increase in the rate of technological progress on the Solow growth model

. In your answer, you must clearly label all curves and the initial and final equilibria. In your answer, explain what happens to the rate of growth of output per worker and the rate of growth of output as the economy adjusts to this increase in the rate of technological progress

Business
1 answer:
ch4aika [34]3 years ago
6 0

Answer:

Explanation:

The Solow Growth Model is a short run growth model of economic growth which shows or illustrates the changes in the level of output in an economy over time, as a result of changes in

- savings rate

- population growth rate

- rate of technological progress.

The diagram attached explains the model.

In the short run, increase in technology will increase the output per worker (looking from the microeconomic perspective) and the aggregate output (looking from the macro perspective) in the economy.

This increase in output is later stabilized in the long run.

You might be interested in
Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t
Paladinen [302]

Answer: (q2 - q1).

Explanation:

A free market is an economic system whereby production of goods and services are being regulated by demand and supply forces. In this economic system, it should be noted that there's little or no intervention from the government.

If a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. The number of kidneys transplanted would increase by (Q2-Q1) compared to the number transplanted at a price ceiling of p= $0.

5 0
3 years ago
If a firm decides it is in the best interest to collaborate on a development project, how would you recommend the firm choose a
Ahat [919]

Answer:

We live in a related world more so now than any time in recent memory before.In this scenery no business can have all the assets to take an interest completely in the worldwide commercial center without key unions, coordinated efforts and organizations.  

Effective endeavors are continually searching for assets to ceaselessly enhance their ebb and flow tasks and have the accepted procedures to stay ahead in the race.  

Joint effort is a vehicle to supplement the assets of an association and addition abilities to meet certain all around characterized targets. The substance might be deficient with regards to specific assets like money related quality, aptitudes and deliberately it might not have any desire to put resources into their zones of "shortcoming" for some an explanation.  

The firm might need to investigate for an imminent accomplice from its realized business system to begin with. Business and informal communities can furnish leads by taking part in conversations with them. Different zones for prospecting could be from the databases of mechanical improvement offices. Tried and true outsider specialist co-ops - offices right now be locked in to discover reasonable possibilities.  

By the day's end, organizations are about connections. Common regard for one another and shared qualities are important to have an effective organization to meet every others key business targets through such a joint effort. Essentially each ought to be expertly dedicated to such a dare to guarantee goals are met in soul and word.  

The Collaboration ought to be reported in an itemized way that would show the particular jobs of the separate gatherings.  

The manual should record governing rules for taking an interest accomplices to assume out their jobs genuinely.  

Key audit gatherings, choices on money related expenses must incorporate the state of both the substances in a reasonable way.  

Occasional outsider reviews of tasks ought to be a fundamental part of the manual.

3 0
3 years ago
You go to the grocery store every 4 days. your friend goes to the grocery store every 10 days. if you and your friend both go to
GaryK [48]

The answer for this question would be you will both go to the store on the same day in 20 days. The reason behind this is you go every 4 days so at the time you go on your fifth round of those 4 days it would be your friend's 2nd time shopping in your friend's 10 shopping days.

7 0
4 years ago
As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employe
Nitella [24]

Answer:

DIVISION OF LABOUR

Explanation:

Division of labour is : allocating different subparts of a task process to different people, to attain better efficiency. Better efficiency is attained by - labourers being specifically specialised in that subsection task, which increases their individual & hence organisation efficiency.

Elisa:  opening her new business & assigning tasks to employees - is an example of the same.

All other options are inapt because: Management departmentalisation is dividing organisation into specialised niche departments. Mass production economies is cost reduction due to bulk quantity production. Specialisation of priorities is developing competitive advantage by research & innovation.

7 0
3 years ago
On January​ 1, 2019, Castle Services issued $ 174 comma 000 of sixminus ​year, 12 ​% bonds when the market interest rate was 11
Marysya12 [62]

Answer: Debit: Interest expense $9900

Debit: Premium on bonds payable $540

Credit: Cash $10440

Explanation:

First and foremost, the cash payment will be calculated as:

= $174,000 × 12% × 6/12

= $174,000 × 0.12 × 0.5

= $10440

Interest expenses will be calculated as:

= $180000 × 11% × 6/12

= $180000 × 0.11 × 0.5

= $9900

Therefore, the journal entry to record the first interest​ payment would be:

Debit: Interest expense $9900

Debit: Premium on bonds payable $540

Credit: Cash $10440

8 0
3 years ago
Other questions:
  • ______________ is when a product is included inside a TV show or movie.
    8·2 answers
  • Wayne Co. had a decrease in deferred tax liability of $29 million, a decrease in deferred tax assets of $19 million, and an incr
    7·1 answer
  • One of the fastest way to acquire knowledge is to hire individuals or purchase entire companies that have valued knowledge.
    10·1 answer
  • When the board of directors asked that the company stop underwriting the pga event the ceo knew that the decision which he made
    13·1 answer
  • Find the answer to the following question: Where should students go for information about their degree program, how many credits
    13·1 answer
  • The recent global boom in the market price for scrap steel and aluminum leads to a sudden rise in the theft of everyday metal ob
    12·1 answer
  • Marin Corporation issues $520,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the ma
    9·1 answer
  • Gamerz Inc., a video gaming developer, has come up with an idea of designing two versions for each of their best-selling games,
    13·1 answer
  • 7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement
    12·1 answer
  • Labor force
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!