Question

Why has the US experienced slow growth for more than a decade? Which hypothesis (from the...

Why has the US experienced slow growth for more than a decade? Which hypothesis (from the previous lecture) do you think is correct? Any ideas how to fix growth?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

U.S is experiencing slow growth for more than a decade and this is because of diminishing returns to capital stock. this because of the convergence hypothesis by slow. according to the model in the long run the developed country will tend to increase or grow at a slow rate than the underdeveloped or developing ones and in the long run all the countrys will converge to a steady state equilibrium. and this happens due to diminishing returns to capital stock. and as U.S is a capital rich country and is developed one, then due to diminishing returns to capital there growth rate declines. to fix growth the country should focus more on skill developement than on capital accumulation and this will increase the growth further.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. Why does organic growth often creates more value than growth from acquisitions? Describe how different...
2. Why does organic growth often creates more value than growth from acquisitions? Describe how different types of organic growth might create different amounts of value?
In the trade relationship with China, why is the US dollar in more demand than the...
In the trade relationship with China, why is the US dollar in more demand than the Chinese yuan? A.) More people demand the yuan domestically in China, so it is not used for imports and exports. B.) The dollar is the common transaction currency between the two countries. C.) The yuan is pegged to the US dollar. D.) Formal institutions and regulations demand the trade be conducted in the dollar. Which of the following is NOT an advantage of a...
You are optimistic and believe that more than 10% think - this gives you your hypothesis...
You are optimistic and believe that more than 10% think - this gives you your hypothesis H0: p>0,1 for a proportion test. So you test 100 people. You observe that only 8% (8 of your sample of 100) people seem to be able to think. Is your hypothesis still acceptable or do you have to reject it? Use the test statistics which is standard normal distributed. 1-α=0.05
Which is correct? A. A photon from bright blue light has more energy than a photon...
Which is correct? A. A photon from bright blue light has more energy than a photon from dim blue light. B. Microwaves have higher energy than blue light. That is why microwaves are used to cook food and blue light is not. C. Blue light, microwave radiation and x-ray are essentially identical. The only real difference is their wavelengths, frequencies and energies. D. A photon from a 1000 watt microwave oven has more energy than a photon from a 100...
While we are certainly more complex than what we say or write, our writing and the...
While we are certainly more complex than what we say or write, our writing and the way we speak to others often has a significant impact on how we are viewed as professional or competent in the workplace. Why do you think that is the case? Discuss an example you have experienced where a person's professionalism or credibility was called into question by mistakes in their communication or presentation of a message?
Did all groups in society benefit from the repeal of the Corn Laws? If not, which...
Did all groups in society benefit from the repeal of the Corn Laws? If not, which groups were adversely affected, and which groups benefitted as a result of the repeal of the corn laws? Why do you think a country has a comparative advantage in producing a good? In the United States, how do you think the growth of trade over the last several decades has benefited and adversely affected workers? Do you think there are particular groups of workers...
Why do you think that some people show more self-control than others? How would we explain...
Why do you think that some people show more self-control than others? How would we explain this from a behavioral perspective (remember, think "environment", think "learning" - not character flaws)?
The second decade of the 21st Century has experienced the start of the Disrupter Economy. As...
The second decade of the 21st Century has experienced the start of the Disrupter Economy. As technology puts new tools into innovators’ hands, the old boundaries between sectors are breaking down. Amazon has transformed bookselling, branched out into general retail and is now experimenting with delivery by drones. Apple shook up both the music and telecoms industries, and now has designs on our wrists. Six years after it came into existence, Airbnb has more rooms available than IHG or Hilton,...
Primary Question Do you think some human resource management goals are more important than others? Why...
Primary Question Do you think some human resource management goals are more important than others? Why or why not? What implications might be drawn if a particular manager felt that certain goals were indeed more important than others?  Please explain fully. Second Question Which equal employment opportunity law do you think is most critical? Which do you think is least critical today?  Please provide at least two reasons to justify your answer.
Currently, American women are dying from pregnancy-related complications more than women in other developed countries. Why...
Currently, American women are dying from pregnancy-related complications more than women in other developed countries. Why do you think that the maternal mortality rate is higher in the United States than in other nations? From a public health perspective, how can we improve? (this question was previously answered on chegg, however, the answer was copied and pasted from a google website)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT