« previous next »

Author Question: Refer to the table above. What will be the value of the gross domestic product of the country if the ... (Read 75 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Refer to the table above. What will be the value of the gross domestic product of the country if the country runs a trade surplus of 30,000 next year, everything else remaining unchanged?
 
  A) 378,000 B) 372,000 C) 407,000 D) 524,000

Question 2

What are the factors that affect GDP according to the aggregate production function used by Solow?
 
  What will be an ideal response?


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The aggregate production function used by Solow expresses GDP as a function of three factors of production. These are:
a) physical capital.
b) total efficiency units of labor.
c) level of technology.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Energy Use by Different Country Groups Energy Use by Different Country Groups
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
Wood coffee table Wood coffee table
Hen feathering (left) and cock feathering (right) in domestic fowl Hen feathering (left) and cock feathering (right) in domestic fowl
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
The periodic table and its creator, Dmitry Mendeleyev. The periodic table and its creator, Dmitry Mendeleyev.
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library