Output per worker - Study guides, Class notes & Summaries

The Solow growth model predicts that aggregate output a. will grow at the rate of the labour force growth in the long run. b. will grow at the rate of the population growth in the long run. c. will grow at the rate of the growth in capital per worker in the long run. d. will grow at the rate of the growth in income per worker in the long run. e. will be maximized in the long run.a. will grow at the rate of the labour force growth in the long run

Assume that two countries have production functions given by country 1: Y = AK^(1/3)L^(2/3) and country 2: Y = AK^(1/2)L^(1/2). Then, according to the Solow model, the fraction of total income that goes to labor will be: (a) Larger in the country that is closest to the steady state. (b) Larger in the country that has higher productivity A. (c) The same in the two countries. (d) None of the above correct answers (d) None of the above Assume two economies are identical in every way except...

A competitive firm is said to maximize its profit when....... - the price is equal to marginal cost. A Firm's Cost Curve - A firm's demand for a factor input, for example labour, slopes _____________. A) upward, due to the increasing marginal product of labour B) downward, due to the diminishing marginal product of labour C) downward, due to the increasing wage rates D) upward, due to the decreasing wage rates - B A profit-maximizing competitive firm should hire workers up to the point ...

ECON 101 Final Exam 2024 Questions and Answers Solved 100%;AMU Attempt 1 of 1 Written Apr 26, 2024 11:26 AM - Apr 26, 2024 11:37 AM Attempt Score 100 / 100 - 100 % Overall Grade (Highest Attempt) 100 / 100 - 100 % Question 1 6 / 6 points The representative firm in a purely competitive industry: Will always earn a profit in the short run May earn either an economic profit or a loss in the long run Will always earn an economic profit in the long run Will earn ...

Macroeconomics Exam Questions With Verified Solutions 1) Over a long period of time, perhaps many years, changes in real GDP come primarily from A) leftward shifts of the AD curve. B) upward shifts of the AE curve. C) upward shifts of the AS curve. D) continuous increases in potential GDP. E) rightward shifts of the AD curve. - answerD 2) In the long run, changes in average material living standards are best shown by A) population growth. B) improvements in monetary policy. C) growth ...

ATLS Pretest + Modules Questions and Answers 2023 re-examine the chest A 22-year-old man is hypotensive and tachycardic after a shotgun wound to the left shoulder. His blood pressure is initially 80/40 mm Hg. After initial fluid resuscitation his blood pressure increases to 122/84 mm Hg. His heart rate is now 100 beats per minute and his respiratory rate is 28 breaths per minute. A tube thoracostomy is performed for decreased left chest breath sounds with the return of a small amount of blood ...

Macroeconomics Exam Questions With Verified Solutions 1) Over a long period of time, perhaps many years, changes in real GDP come primarily from A) leftward shifts of the AD curve. B) upward shifts of the AE curve. C) upward shifts of the AS curve. D) continuous increases in potential GDP. E) rightward shifts of the AD curve. - answerD 2) In the long run, changes in average material living standards are best shown by A) population growth. B) improvements in monetary policy. C) growth ...

Next Generation NCLEX Rn Exam 1. Which of the following clients is at a higher risk of developing oral health problems? a. A pregnant client b. A client with diabetes c. A client receiving chemotherapy d. Both b and c 2. Which nursing intervention is most appropriate to reduce environmental stimuli that may cause discomfort for a client? a. Loosen pressure dressings on wounds b. Use assistance to pull a client up in bed c. Check temperature of water used in a sponge bath ...

Economics Today The Macro View Ch. 9 Graded A+ 1. Economic growth ️: Increases in per capita real GDP measured by its rate of change per year. 2. Labor productivity ️: Total real domestic output (real GDP) divided by the number of workers (output per worker). 3. Economic growth can be defined as the increase in ️: per capita real GDP, measured by its rate of change per year. 4. The ️: benefits of economic growth are reductions in illiteracy, poverty, and illness, and increase...

the diagnosis with the nursing staff. B. The client has a decreased energy level. C. The client makes funeral arrangements. D. The client requests a second opinion. B. The client has a decreased energy level. A nurse is preparing to collect data on a preschooler. Which of the following behaviors by the child indicates that he is ready to cooperate? (Select all that apply.) A. Allows the nurse to touch him on the arm B. Plays with toys in the examining room C. Answers questions asked by the nurse...