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; decrease
Q: subparts a, b and c please
A: a) Calculate the t-statistics for each estimate. Which estimates are statistically significant at…
Q: According to microeconomic theory, an input factor may be: a. Fixed in the short run, but will…
A: The time horizon that is being considered determines how input factors are classified in…
Q: New answers asaaap
A: Approach to solving the question: The correct answer is:(e) None of the above.Explanation:(a) The…
Q: E. Roughly Me Refer to the accompanying graph to answer the following two questions. Price and Cost…
A: 11. Answer:Firm's marginal cost curve above minimum average variable cost (AVC) is treated as firm…
Q: Listed are scenarios that may lead to changes in labor market conditions for chefs. Use your…
A: The objective of the question is to understand the impact of different scenarios on the labor market…
Q: Econ question: a.Explain and show the impact on the money market when the Federal Reserve lowers the…
A: Certainly! When the Federal Reserve lowers the interest rate on bank reserves (IORB), it leads…
Q: Determine the capitalized cost of a permanent roadside historical marker that has a first cost of…
A: Since we're considering the present value of all future costs, the capitalized cost is negative.…
Q: Is the horizontal section of Country H's excess demand curve necessarily symmetric around zero? That…
A: Country H's excess demand curve reflects the difference between its domestic demand for a good (X)…
Q: The table shows disposable income and saving in an economy. Calculate consumption expenditure at…
A: 1. **Calculating Consumption Expenditure**: Consumption expenditure is the portion of disposable…
Q: Lesson 10 Question 11
A: Ans: $17,056Explanation:At P = $64QD = 280 - P = 280 - 64 = 216QS = 6P - 280 = 6(64) -…
Q: Table: Tractors Ben's Strategies Betsy's Strategies Low Price High Price Low Price $150,000,…
A: The objective of the question is to determine the best pricing strategy for Ben's Farm Supplies…
Q: According to R.L. Polk & Co., Americans held onto their new vehicles for an average of 71.4…
A: Standard error can be calculated using this formula:SE = nσwhere:σ = population standard deviation…
Q: None
A: Given that both supply curves are parallel, their slopes are the same.Now The price elasticity of…
Q: Tyrone wants to spend $15,000 on a new car three years from now. He opens a savings account and…
A: The objective of the question is to find out how much additional money Tyrone will need three years…
Q: Don't use chatgpt, I will 5 upvotes Detailed explanation
A: Based on the information given in the table, there is insufficient data to determine the firm's…
Q: Problem 3. Longer problem. Consider 2 firms F1 and F2 that produce identical products and have…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: In the Keynesian model (that is, the short run), what causes recessions?
A: The objective of the question is to understand the causes of recessions in the context of the…
Q: 5. Consider a monocentric model with fixed housing unit h and the utility of residents u=c, where c…
A: The objective of the question is to understand the monocentric city model and how it affects the…
Q: © Macmillan Learning What is the bank's net worth? Assume that the T-chart shows the financial…
A: Given that:Assume that the T-chart shows the financial position of a small local bank.Assets…
Q: Required information For equipment that has a first cost of $17,000, the estimated operating costs…
A: To determine the annual worth (AW) for year 4 using the PMT function in Excel, we'll use the…
Q: 11. Consider a world in which all individuals complete high school, and then they have T years…
A:
Q: Since the passage of NAFTA, a) trade between the three countries has quadrupled b) the US has lost…
A: Here why?Trade between the three countries has quadrupled. NAFTA significantly reduced tariffs and…
Q: The wow expert Hand written solution is not allowed
A: In a dominant strategy equilibrium, each player chooses their strategy regardless of the other…
Q: None
A: Referenceshttps://www.investopedia.com/budgeting-4689726
Q: Compare the future worth of $2,500 for 5 years at 12% per year compounded monthly. How much interest…
A: Future worth (F) = $4541 (d option is correct)Interest=$2041
Q: Lesson 12 Question 6
A: The correct answer is: d. all of the above Explanation:a. An import quota on coffee beans: An import…
Q: You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve…
A: The objective of the question is to determine the potential increase in the money supply in the…
Q: When we sell 0.10 million in government bonds to typical bank, what is the new value of typical…
A: When a government sells bonds to a typical bank, it affects the bank's reserves and subsequently its…
Q: In a mechanical drive system, what effect does inefficiency have on the output when compared to the…
A: In a mechanical drive system, efficiency refers to how effectively it converts input energy into…
Q: GATT: A. resulted in higher tariffs worldwide B. was designed by the WTO C.…
A: The objective of the question is to identify the correct statement about the General Agreement on…
Q: A man bought a Ford vintage car for Php 552001 on installment basis at the rate of 12% per year…
A: The monthly payment on the loan = P201.85
Q: i need your solution...
A: The objective of the question is to understand the efficiency of monopolistic competition and to…
Q: 1. Movements along versus shifts of demand and supply curves The following two graphs depict the…
A: Assuming that all other factors remain same, a movement along the demand curve takes place whenever…
Q: Please indicated each statement as correct or incorrect..
A: The correct statement is: The loss in revenue due to the price effect exceeds the gain in revenue…
Q: I want help understanding the concepts, Thank you
A: Step 1: Compute the coupon rate r(2) using Makeham's formula:r(2) = (1 - (1 + 0.06)^-20) / ($1,000 +…
Q: Suppose the amount of change IWU students carry is exponentially distributed with a mean of $0.88.…
A: The objective of the question is to understand the type of distribution the population and the…
Q: None
A: Step 1: Meaning of price floor and price ceilingPrice floor: It is the minimum price set by the…
Q: Suppose you are deciding whether you should go to college. If you go to college, you will pay…
A: Part 1: Cost of College Tuition (Present Value)Annual tuition payment: $10,000Interest rate (i): 7%…
Q: I want help understanding the concepts, Thank you
A: Amortization MethodP = A times r/n/1 - (1 + r/n)^-n times tHowever, since payments are made…
Q: In the fiscal year 2019, the projected U.S. federal government deficit totaled $960 billion, which…
A: The budget deficit in the United States increased to $960 billion in the 2019 fiscal year, a 23.2…
Q: In the 1960s, water was inexpensive. However, by 1965 Canada saw one of the country’s worst…
A: Referenceshttps://www.investopedia.com/terms/l/law-of-supply-demand.asp
Q: In the 1960s, water was inexpensive. However, by 1965 Canada saw one of the country’s worst…
A: i. The 1965-1966 Canadian drought had a major impact on the wheat and water markets:(i) Water…
Q: In a DD model with 3 periods t=0,1,2. Each consumer is endowed with 1 potato at t=0, has probability…
A: Given,In the context of a dynamic decision (DD) model, the critical junctures of this model occur at…
Q: ΔRoR for the first increment (Alt. C-Alt. A) is ___________________.…
A: Based on the data in the picture, the response to the query regarding the AROR (Annual Rate of…
Q: Draw the aggregate demand schedule with and without the government sector given the following…
A: The graph above illustrates the impact of including or excluding the government sector on the…
Q: None
A: We must determine the equilibrium hourly pay (P) at which the amount of military service provided…
Q: K Suppose the government adopts a policy that forces pesticide producers to bear the social costs of…
A: Pesticide producers would incur additional costs associated with addressing and mitigating…
Q: 16. The total cost to make q quilts is C(q) = 73 +1.2q +0.05q2. a. What is a function for the…
A: 16.a) Marginal cost is the change in total cost in response to quantity. It derived by taking the…
Q: Consider the following binary variable version of the fixed effects model. Each regressor Dj is a…
A: Step 1:In this question , we need to find the slope and intercept for entity 3 in time period 1 In…
Q: None
A: 75. In general, interest groups and social movements organize citizens according to non-territorial…
Step by step
Solved in 2 steps
- What policies can the government of a free-market economy implement to stimulate economic growth?Which government policy promotes economic growth? O A. increasing the interest rate charged on student loans B. implementing a fiscal policy that increases inflation C. implementing a monetary policy that increases inflation O D. building infrastructure and providing public goods Reset Selectionestion 30 A country with neither population growth nor technological progress is nitaly in the golden-rule steady state. Carefuly ilustrate this situation using a graph with output per worker, investment per worker, and depreciation per worker on the vertical axis and capital per worker on the horizontal axis. Now suppose climate change increases the depreciation rate. If the country adjusts its saving rate to reach the new golden- rule steady state, is it possible to determine how output per worker and consumption per worker in the new steady state compare to their levels in the initial steady state? Explain.
- a. Some data at first might seem puzzling: The share of GDP devoted to investment was similar for Country liberty and Country Techno from 1970 - 2001. However, during these same years Country Techno had a 6 percent growth rate of average annual income per person, while Country liberty had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different? b. Covid 19 pandemic has force the people in the economy Love & Laughter, to consume only 2 goods, food and clothing. The CPI is derived from the market basket of goods which consists of 25 units of food and 5 units of clothing. FOOD Clothing 2018 price per unit 2019 price per unit $8 $20 $12 $40 (i). What are the percentage increases in the price of food and in the price of clothing? (ii). What is the percentage increase in the CPI? (iii). Do these price changes affect all consumers to the same extent? Explain.A country faces diminishing marginal returns when increasing it's capital stock. If this country added 1,000 units of capital last year and saw their GDP rise by $500 per person, what would you expect to happen if they had added 2,000 units of capital instead? O GDP would increase by another $500 per person O GDP would increase by less than another $500 per person O GDP would increase by more than another $500 per person O It is impossible to tell what would happen What is a potential downside of using patents to promote the creation of new technology? Without a market test, patents might be given to technology which ends up being useless. O Government money may be directed towards unproductive goals. It slows the spread and development of those ideas by restricting competition. They prohibit competition forever. What is the law of diminishing marginal returns?My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つ つ > *3
- The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. Why have some countries reduced the gap between their incomes andthat of the United States and other countries failed to do so?If the capital stock equals 200 units in year 1 and the depreciation rate is 5 percent per year, then in year 2, assuming no new or replacement investment, the capital stock would equal_____ units. Select one: a. 195 b. 210 c. 190 d. 200Suppose that U.S. real GDP per capita is $50,000 and grows on average at 3% per year. How long will it take for U.S. real GDP per capita to double at this growth rate? If this growth rate continues, what will U.S. real GDP r capita be in 70 years? S Suppose that U.S. real GDP per capita is $50,000 and grows on average at 5% per year (rather than 3% a year) How long will it take for U.S. real GDP per capita to double at this growth rate? years (round to nearest year) If this growth rate continues, what will U.S. real GDP per capita be in 70 years? S years (round to nearest year)
- A country faces diminishing marginal returns when increasing it's capital stock. If this country added 100 units of capital last year and saw their GDP rise by $1,000 per person, what would you expect to happen if they had added 200 units of capital instead? O It is impossible to tell what would happen GDP would increase by less than another $1,000 per person GDP would increase by another $1,000 per person GDP would increase by more than another $1,000 per personAssume that a country's per-worker production is y = k1/2, where y is output per worker and kis capital per worker. Assume also that 10 percent of capital depreciates per year (= 0.10) 2 andthere is no population growth or technological change.a. If the saving rate (s) is 0.4, what are capital per worker, production per worker, andconsumption per worker in the steady state?b. Solve for steady-state capital per worker, production per worker, and consumption perworker with s = 0.6.c. Solve for steady-state capital per worker, production per worker, and consumption perworker with s = 0.8.d. Is it possible to save too much? Why?The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?