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vivado [14]
3 years ago
11

18. If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent,

then this economy will be at the Golden Rule steady state if the rate of technological progress equals _____ percent.
Business
1 answer:
zavuch27 [327]3 years ago
8 0

Answer:

rate of technological progress = 8 %

Explanation:

given data

capital net of depreciation = 10 percent

Population growing rate = 2 percent.

solution

we will apply here Golden Rule that is

According to golden Rule level of capital accumulation is in steady state which have the highest level of the consumption

so here rate of technological progress is =  10% - 2 %

rate of technological progress = 8%

and here economy will at Golden Rule steady state

so correct answer is 8 percent

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The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0
4 years ago
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A ______ provides the opportunity for distributed practice, one of the keys to deep and lasting learning.
baherus [9]
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7 0
4 years ago
The existence of different age groups within a company's target markets is referred to as
PolarNik [594]

Answer:

multigenerationalism.

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3 years ago
Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and h
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The other types of checking accounts usually require much higher balances, and of the minimum balance is not met, then they will charge you a monthly fee.

7 0
4 years ago
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Using the percentage minus−ofminus−sales method, the estimated total uncollectible accounts are​ $6,622. The Allowance for Uncol
Arturiano [62]

Answer:

C. $3,687.

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