Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 29, Problem 12APA
To determine

Describe the association between the wages and technology in terms of real business cycle theory.

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Summarize the articel. KUALA LUMPUR, Nov 3 ― A research by Khazanah Research Institute (KRI) found that agriculture employment has declined significantly to just 10.2 per cent out of the total employment nationwide in 2019, from 31.2 per cent in 1982. According KRI’s recently published report, “Work in an Evolving Malaysia: The State of Households 2020 Part II”, the decline was due to the country’s economic structure that has evolved over the years and caused concentration of economic activities continuing to differ between states. “The agriculture sector however remains an important source of employment in the north and east coast states such as Pahang, and in Sabah and Sarawak,” said KRI in the report. KRI found that the agriculture jobs tend to have slower productivity levels (Gross Domestic Product per employment) compared to states with less concentration in agricultural activities. “Additionally, agriculture has consistently reported a higher incidence of fatal injuries. “In some…
question :  summarise in your own words the following in about 350 words:    This article presents evidence of growing demand for social skills over the past several decades. What explains the growing importance of social skills in the labor market? One reason is that computers are still very poor at simulating human interaction. Reading the signals of others and reacting is an unconscious process, and skill in social settings has evolved in humans over thousands of years. Human interaction in the workplace involves team production, with workers playing off of each other’s strengths and adapting flexibly to changing circumstances. Such nonroutine interaction is at the heart of the human advantage over machines. I formalize the importance of social skills with a model of team production in the workplace. Because workers naturally vary in their ability to perform the great variety of workplace tasks, teamwork increases productivity through comparative advantage. I model social skills as…
Q4a You are given the following data on the annual earnings of residents on Examland, according to the 2020 census. The average earnings of native born workers are $42,500. The average earnings of workers to migrated to Examland between 2015 and 2019 are $39,600. And the average earnings of workers who migrated to Examland between 2010 and 2014 are $41,250. Calculate the entry effect on earnings. Express your answer both in dollars and as a percentage of native- born earnings.
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