Answer:
The difference in human capital explains $7,863 of the income per worker gap while the difference in physical capital explains $20,181 of the income per worker gap.
Explanation:
Human capital refers to the skills, knowledge, and efforts of the people in producing goods and services. It is also known simply as labor. Physical capital refers to the "man-made" goods that assist in production, including machinery, equipment, and technological items such as computers.
In the given scenario, the income per worker in the United States is $82,359 - $54,315 = $28,044 more than the income per worker in South Korea. This is explained by differences in both the level of technology (i.e. physical capital) and the capability of workers (i.e. human capital).
We are informed that the income per worker in South Korea would be $74,496 if it had the same level of technology as the United States. This means that $74,496 - $54,315 = $20,181 of the income per worker gap between the two countries is explained by differences in physical capital. Hence the remaining difference of $28,044 - $20,181 = $7,863 is explained by differences in human capital between the two countries.
The answer is<u> "demographic component".</u>
Population change results from the cooperation of demographic components: birth, demise and relocation. Along these lines, demography manages the point by point investigation of the three segments. With the estimation of such segments, different parts of the populace are broke down and deciphered. It designs and execute different advancement exercises. Birth, demise and movement are called demographic components, and additionally the deciding components of populace change since they influence the circumstance of the populace. In this way, the measure of the populace depends for the most part upon birth, passing and relocation.
Motivation
The amount of income
Family members
Needs and interest groups affect and tend to persuade the consumer to buy certain goods
A.the first graph all the way to the left, hope this helped :P
Answer: $105700
Explanation:
The amount that'll be paid as the cost of the land will be calculated as:
Land purchase = $100,000
Add: Property tax = $2500
Add: Fees = $1000
Add: Grading = $2200
Total = $105700
Therefore, the amount that'll be paid as the cost of the land will be $105700