Question

Which of the following statement is wrong?

A. Technological progress could yield ways to avoid limits of
natural resources.

B. Countries that start off poor tend to grow more rapidly than countries that start off rich.

C. ranking of countries by income can change substantially in the long run only because of 0.3% annual differences in GDP per capita growth rates.

D. Higher saving rate is guaranteed to yield a higher growth rate of real GDP per capita for a modern economy

_______________________________________________________________

If a production function for a certain good is Y =A F (K, H, L,
N) has decreasing returns to scale, and all factors of production
are essential producing this good, then output can be doubled if
(K, H, L, N stand for the quantities of physical capital, human
capital, labor, and natural resource; A stands for
technology)

A. all of the inputs double.

B. all inputs but labor double.

C. labor alone doubles.

D. None of the above is correct

Answer #1

1)

higher saving does not mean that average real GDP shall rise. Saving and investment are done through two different classes. Hence, motives also tend to be distinct for both groups.

Right Answer is (D)

2)

Returns to scale occurs where all factors of production are variable and changed simultaneously. Decreasing returns to scale implies that increase in inputs would not lead to proportionate rise in output.

Input must be increased more than double.

Right answer is (D)

Suppose the yield on a ten-year U.S. Treasury note was 2.05% on
April 2nd, 2018. Now suppose that the next morning you read the
following headline in the Wall Street Journal: “Republican
Leadership in Congress Will Not Shut Down Government Over Debt
Limit.” Further suppose that bond traders interpret the increase in
the federal debt ceiling as a decrease in the default risk
associated with U.S. Treasury securities. Ceteris paribus, it
follows that the yield on the ten-year note will...

Imagine the following goal of Lenin/Stalin at the beginning of
the Soviet regime in Russia: to overtake (i.e. equal) and surpass
the world’s industrialized economies in terms of GDP per capita. To
achieve this goal, the main instrument of control is the fraction
of national production that is devoted to building the nation’s
productive capacity: new machin es, factories, transportation
equipment, and roads . That is, the main instrument to achieve this
goal is the fraction of GDP devote d...

Please Answers all Parts. i would be very thankful to you and
left a good feedback
Question 1:
FOR THE REST OF THE TEST Assume Y = A*K.5*L.5
In equation form- what is the marginal product of capital
?
____________________________________________________________________________________
59) In equation form what is the marginal product of labor ?
____________________________________________________________________________________
60) How do we know that each is diminishing.
____________________________________________________________________________________
61) Prove that if you double capital and double labor Y
doubles.
____________________________________________________________________________________
62) What is the...

In the Phillips curve equation, which of the following will NOT
cause an increase in the current inflation rate?
A a reduction in the unemployment rate
B an increase in the markup of prices over wages
C a decrease in the strength of the effect of unemployment on
the wage, α.
D an increase in the expected inflation rate
E a decrease in the catch-all variable z
22.Suppose there are two countries that are identical with the
following exception. The...

Which of the following is included in the
expenditure approach to the calculation of GDP?
A. Intermediate goods
B. All of the above are included in the calculation of GDP using
the expenditure approach.
C. Wages
D. Consumption
Which of the following is the term used to describe an addition
to a nation's capital stock (when firms purchase resources they use
over and over in production, like machines)?
A. Net Exports
B. Investment
C. Government Spending
D. Consumption
Which of...

answer the following questions
Q21.When the economy experiences an
expansion, it is most likely the case
that-------------------------------
GDP is increasing, unemployment is increasing, and inflation is
decreasing.
GDP is increasing, unemployment is decreasing, and inflation is
increasing.
GDP is decreasing, unemployment is decreasing, and inflation is
increasing.
GDP is decreasing, unemployment is decreasing, and inflation is
decreasing.
Q22. GDP is an important economic measurement because
it
provides valuable data on unemployment rates
measures the combined total of all intermediate and...

A) Micro Co., which began business at the start of the current
year, had the following data:
Planned and actual production:
40,000 units
Sales: 37,000 units at $15 per
unit
Production costs: Variable: $4 per
unit, Fixed: $260,000
Selling and administrative costs:
Variable: $1 per unit, Fixed: $32,000
Contribution margin that Micro would disclose on an
absorption-costing income statement is:
a. $147,000 b. $78,000 c. $166,500 d. $0 e. 370,000
B) The variable costing to the...

1.
Which is statement is true?
I. A single-price monopolist charges a price equal to the marginal
cost of the last unit sold.
II. A monopolist with positive marginal costs and facing a linear
demand curve always sets a quantity (or price) such that it sells
on the elastic section of the demand curve.
III. A monopolist regulated by marginal-cost pricing regulation
sells at a price that covers its variable and fixed costs of
production, but it still causes a...

1. In a multiple
regression model, the following coefficients were obtained:
b0 = -10 b1
= 4.5 b2 = -6.0
a. Write the
equation of the estimated multiple regression model. (3 pts)
b Suppose a
sample of 25 observations produces this result, SSE = 480. What is
the estimated standard error of the estimate? (5 pts)
2. Consider the
following estimated sample regression equation:
Y = 12 + 6X1 -- 3 X2
Determine which of the following
statements are true,...

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