econ hw help

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Economics

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question 1

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The diagram plots GDP per worker vs capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? 40,000 US (1800-1990) 35,000 Switzerland (1990) 30,000 UK (1760-1990) 1953 25,000 Japan (1870-1990) 1973... GDP per worker (1985 PPP $) 20,000 15,000 Taiwan (1901-1990) 1910 10,000 . 1910 5,000 ..1760 2.1800 0 0 India (1860-1990 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) the diagram depicts the long-run labour market equilibrium following technological progress. Based on this information, which of the following statements is correct? Output per worker + (new technology) Wage curve (fair shares bargaining) Wage curve Output per worker (old technology) Real wage (new) CBI Profit curve (new technology) Profit curve (old technology) Real wage Real wage (old) A: 6% 4% unemployment rate unemployment rate (Long-run unemployment rate) Employment, N Lower unemployment ... The figure shows a plot of unemployment rate vs gross unemployment benefit replacement rate for the period 2000 to 2012. Based on this information, which of the following stat correct? 16 SVK 14- POL. ESP 12- 10- TUR GRC Unemployment rate (2001-2011 average, %) FIN. FRA ITA.. HUN CZE. .CAN USA GBR DEU ...PRT IRL. BEL SWE AUS AUT .NZL LUX ISL CHE NLD NOR .DNK JPN KOR 0 10 30 60 20 40 50 Gross unemployment benefit replacement rate (2001-2011 average, %) Comparing points B and in the diagram below, the average product of capital is at point C compared to B and the capital intensity is Marginal product of capital at Α = ΔΥ/ΔΚ Production function (after technological progress) Production function 22.5 А B 15 Output per worker, $US thousands 1 A(Y/worker) A(K/worker) Average product of capital, Y/K 0 20 30 Capital equipment per worker, $US thousands According to the Beveridge Curves below for the United States and Germany, for any given level of the unemployment rate, Germany has job vacancies compared to the United States. 4.0 3.5 Q1 2001 Q2 2015 3.0 2.5 United States Vacancy rate (%) 2.0 1.5 Q2 2015 Q1 2001 1.0 Germany 0.5 Q2 2009 Q1 2005 T 1 0.0 0 T 1 2 3 4 5 6 7 T 8 9 10 11 12 Unemployment rate (%)
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Explanation & Answer

I have answered the questions in terms of true and false, but if you need additional information be precise and let me know. For questions five and seven I haven't found the question it is referring to. For more assistancce do not hesitate to inform me.

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Question 1
A. There is no clear evidence of technological progress in the US GDP per worker. False
B. Taiwan is more capital intensive than the UK in 1990. False
C. The average product of capital has been higher in Japan than in the UK over the years
shown. True
D. Switzerland has been the most successful country in attaining high GDP per worker by
use of its capital. True
Question 2
A. Technological progress always leads to a fall in the unemployment rate. True...


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