PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!

What are the effects of an increase in the population on potential GDP, the quantity of labor, the real wage rate, and potent

baherus [9]

Answer:

Effects

Potential GDP decrease

the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

An increase in the population decrease the real wage rate and increase the equilibrium quantity of labor.

Explanation:

Population growth affects many phenomena such as the age structure of a country’s population, international migration, economic inequality, and the size of a country’s work force.

Thinking in the graph of the labor market where combines hour real wage with the quantity of labor, if we increase the population , that means the demand of labor will increase so, the wage will decrease.

GDP per hour worked is a measure of labor productivity

The equilibrium is where the quantity demanded of labor is equal to the quantity supplied.

So, if the if the population increase the equilibrium quantity of labor will increase.

Effects Potential GDP is Potential gross domestic product decrease

the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

6 0

4 years ago

which term is defined as the state government granting power, license, or real property to a private individual or individuals u

insens350 [35]

law on property rights is defined as the state government granting power, license, or real property to a private individual or individuals using a land patent

A property's legal ownership and permitted uses are governed by property right law. When it comes to land, it has been noted that theft is common. People who purchase properties often lose them to thieves when they are resold to someone else who is unaware that the property has already been sold to someone else. The property right law was established to stop this circumstance from occurring frequently so that the owner of a plot of land would have the legal right to claim ownership for it and use it for any purpose he desired without fear of it being taken by someone else.

To know more about property rights visit here :

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6 0

1 year ago

Difference between compulsory and non-compulsory insurance

leva [86]

Compulsory insurance is a type of insurance that is required by law before you can engage in specific activities. This kind of insurance is meant to protect you from harm in some way, an example would be the legal requirement to have auto insurance to drive a car or having health insurance in the United States.

Non compulsory insurance is pretty much everything that you are not required to have, insurance such as travel insurance, life insurance, phone insurance, etc. Although it is a good idea to get these, they are not required.

Non compulsory basically means voluntary while compulsory means required.

7 0

3 years ago

Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 perce

jekas [21]

Answer:

The present value is $938.82

Explanation:

Giving the following information:

Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year.

We need to discount the final value of $1,150 for each discount rate starting in year 3.

PV= FV/(1+i)^n

Year 3= 1,150/1.08= 1,064.81

Year 2= 1,064.81/1.07= 995.15

Year 1= 995.15/1.06= 938.82

The present value is $938.82

5 0

3 years ago

Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the b

Eduardwww [97]

Answer:

Explanation:

a.) Inventory turnover = Cost of goods sold / Inventory

Cost of goods sold= $25mill.

Inventory = $2mill.

Therefore, Inventory turnover= 25/2 = 50

b.) Weeks of supply held =( Inventory / Cost of goods sold) *52

**It's multiplied by 52 since there are 52 weeks in a year.

Weeks of supply held = (2 / 25) *52 = 4.16 weeks

8 0

3 years ago