« 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 69 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?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Periodic Table Periodic Table
Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ... Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ...
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Checklist for Choosing a Massage Table Cont. Checklist for Choosing a Massage Table Cont.
Use the product rule to find derivative Use the product rule to find derivative
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library