Productivity of Quantity of Labor Year Labor 2,000 2,000 $200 210 3 2,000 210 The table shows the quantity of labor (measured in hours) and the productivity of labor (measured In real GDP per hour) In a hypothetical economy in three different years. Between Year 1 and Year 2, real GDP Increased by Multiple Choice 1.5 percent. 2.5 percent. 5.0 percent. 6.0 percent.

The table below shows the production possibilities in Mistania between 2014 and 2015. Using the information in this table, answer the questions below. Mistania, 2014 Cell phones 0 40 80 120 160 Growing economy OShrinking economy ONeither What does the shift from 2014 to 2015 represent? Mistania, 2014 Washing machines What could be a reason for the shift? 400 300 200 100 0 Mistania, 2015 Cell phones 0 60 120 180 240 Mistania, 2015 Washing machines OTechnological advances in the production of cell phones and washing machines OIncreases in the price of cell phones and washing machines OGreater demand for cell phones and washing machines OLoss of resources for the production of cell phones and washing machines 600 450 300 150 0

S eBook Print eferences Mc Suppose there are two countries Alpha and Beta with the the following values Population 327 million 1,393 million Alpha Beta GDP $20,494 billion $13,608 billion Labor Force 159 million 756 million < Prev Calculate the labor force productivity for Alpha and Beta. Instructions: Enter your answers as whole numbers. What would have to be the GDP in Beta for this country to have the same labor productivity as Alpha? $billion Labor Force Productivity 128.89 18 9 of 9 Next

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CS 16  Economics  suppose that the GDP of california increases by 8.0% each year. how long will it take for the GDP of California to double? round your answer to one digit after the decimal.   _______years   suppose that the gdp of oregon today is exactly twice what it was 32 years ago. what was the average annual growth for oregon over this time period? round your answer to one digit after the decimal.   _____________% each year.

Only typed answer and please don't use chatgpt  Suppose labor productivity is $100,000 per worker in 2015. Calculate the value of labor productivity in 2035 (20 years later):   Instructions: Enter your responses rounded to the closest $100.   a. Productivity continues to grow by 2.6 percent per year.   U.S labor productivity in 2035 would be $  per worker.   b. Productivity falls to 2.0 percent per year (the average productivity growth between 1970 and 2009).   U.S. labor productivity in 2035 would be $ per worker.

Answer the attached question

6.5 Exercises Exercise 6.1 (Technological Progress and Long-Run Growth). Consider a Solow economy with population growth and technological progress. The evolution of the capital stock per efficiency unit of labor, denoted k1, is given by the law of motion (1+n)(1+ g)kt+1 = (1 – 8)kt +of(kt). Capital per efficiency unit of labor is defined as k, = Kt/(LEt), where Kt denotes the stock of physical capital, L, denotes population, and E is a tech- nological factor. Population grows at the rate n and the technological factor grows at the rate g. The subscript t denotes time, measured in years. The parameters d E (0, 1) and o > 0 denote, respectively, the depreciation rate of capital and the savings rate. The function f(k;) represents the produc- tion technology. Specifically, let Y, denote output and yt = Yt/(LEt) denote output per efficiency unit of labor. Then yt = f(kt). Assume that f(kt) = /k. 1. Find the steady-state stock of capital per efficiency unit of labor, de- noted k*, as a…

Explain what the Industrial Revolution was and where it began.

Say that the average worker in Canada has a productivity level of 30 per hour while the average worker in the United Kingdom has a productivity level of 25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1 per year while worker productivity in the UK grows 3 per year. After five years, whiz) will have the higher productivity level, and by how much?