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- Holding all factors of production constant except for labor, what happens in an economy when real GDP output increases? The unemployment rate falls and in employment rate increases. The level of technology increases as the economy expands. The level of capital increases as the economy expands. All of the answers are correct.1. 2. Explain why macroeconomic analysis is particularly concerned with issues of economic growth, unemployment, inflation, and balance of payments? "Economic growth does not necessarily reduce the number of unemployed workers". Explain this statement.Select all facts about convergence between 1960 and 2017? U U If things continue as in the 1960-2017 period, we should eventually see all countries become rich. Convergence occurs among countries with a high life expectancy. Convergence occurs among countries with a high level of education on average. Overall, we observe convergence in the world. Convergence occurs among OECD countries. Convergence always occurs among countries with the same economic characteristics. All countries that were poor in 1960 have grown faster over the 1960-2017 period than the countries that were richer. Convergence occurs among OECD countries on average. Convergence occurs among countries with a high level of education. If things continue as in the 1960-2017 period, we should eventually see poverty disappear. Convergence occurs among countries with a high life expectancy on average. Having a high life expectancy and a high average education are not sufficient conditions for a poor country to get richer.
- Why we study microeconomics ? Discuss the origins of macroeconomics . Also explain the reasons why classical theories of economic system failed at some points ?apply Peter Diamandis and Steven Kotler's six D's model to identify when an organization is exponential, as well as Salim Ismail's formula. Choose an exponential company from the digital environment (except Airbnb and TED) and apply the six D's model (Digitization, Deception, Disruption, Dematerialization, Demonetization and Democratization) specifying each stage for the chosen company. On the same company, apply Salim Ismail's formula justifying its MTP (Massive Transformation Purpose) and define at least four characteristics of its external attributes (SCALE) and its internal attributes (IDEAS).I am having a problem with these four problems webdav/pid-1221589-dt-content-rid-8618514_1/courses/1678.201780/Assign2.pdf + Automatic Zoom : 19. Technological progress helps increase the productivity of labor, defined as the number of units of output produced per hour of labor. A rise in the productivity of labor in the production process, ceteris paribus, will cause A) the demand for the output to increase. B) the demand for the output to decrease. C) the supply of the output to increase. D) the supply of the output to decrease. E) None of the above is correct. Q Search 20. An economic recession with a decline in household incomes will negatively impact all retail businesses. A) True B) False 21. If we assume that the current equilibrium wage for low-skilled labor is $8 per hour and the minimum wage is increased from $5.75 to $7.25 per hour, then A) unemployment among low-skilled workers will increase. B) unemployment among low-skilled workers will remain unaffected. C) unemployment…
- Asap plsExplain the concept Multicollinearity? also examples of Perfect Multicollinearity?a)Interpret the data from the table and distinguish the relationship between the two countries. identify a public policy that can improve employment. State an example Unemployment Rate Year Country C Country D 2016 6.0 19.9 2017 5.8 19.1 2018 5.1 19.3 2019 5.0 15.6 2020 5.7 17.1 B)Interpret the data from the table and distinguish the relationship between the two countries. identify a public policy that can improve economic growth. State two examples Economic Growth rate Year Country A Country B 2016 4.0 3.2 2017 3.5 2.8 2018 2.6 2.0 2019 1.7 2.1 2020 -20.2 -2.1
- Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?Suppose the United States moved from the current pay-as-you-go Social Security system to a fully funded one and financed the transition without additional government borrowing. How would the shift to a fully funded system affect the level and the rate of growth of output per worker in the long run? This will the saving rate. In the long run, it will lead to a level of output per worker and the growth rate of output per worker. A. increase; higher; have no effect on B. decrease; higher; have no effect on C. increase; higher; increase ○ D. decrease; lower; decreaseq23- The dramatic rise in living standards since the capitalist revolution resembles a hockey stick in many countries. Which of the following is not true about this change: Select one: a. The rise in living standards has been accompanied by an increase in population. b. The rise in living standards has been relatively equal across and within countries. c. Advances in technology contributed to the increase in living standards. d. The rise in living standards has been accompanied by an increase in adverse environmental impacts.
