Assume an economy without population growth or technological progress. Their production function is given by y = 35k0.5. Their currency capital stock is 100, and the depreciation rate is 17.5%. Give a savings rate such that: a. Income per worker will grow over the current period b. Income per worker stay the same over the current period c. Income per worker will fall over the current period (Hint: First, find how the capital stock will change with the savings rate you choose, then how will this change in capital stock affect income per worker?)
Answers
Therefore, to achieve a 2% increase in income per worker, the savings rate should be 18.82%. Therefore, to keep income per worker constant over the current period, the savings rate should be 17.5%.
Given production function: \(y = 35k^{0.5}\), where k is the capital stock
Depreciation rate: d = 17.5%
Capital stock at time t: k(t) = 100
a. To make income per worker grow over the current period, we need to increase the capital stock at time t+1. We can achieve this by increasing the savings rate (s). Let's solve for the savings rate needed to achieve a 2% increase in income per worker:
\(y(t) / L = 35k^{0.5} / L\)
\(y(t) / L = 35k+1^{0.5} / L\)
We want y(t+1) / y(t) = 1.02
So, \(35k+1^{0.5} / 35k^{0.5} / L=1.02\)
Simplifying gives (k(t+1) / k) = 1.0404
k(t+1) = (1 - d)s(k) + k
1.0404k = (1 - 0.175)s(100) + 100
s = 18.82%
Therefore, to achieve a 2% increase in income per worker, the savings rate should be 18.82%.
b. To keep income per worker constant over the current period, we need to maintain the capital stock at time t. This means the savings rate should be equal to the depreciation rate:
k(t+1) = (1 - d)s(k) + k
k(t+1) = (1 - 0.175)s(100) + 100
k(t+1) = 82.5
s = 17.5%
Therefore, to keep income per worker constant over the current period, the savings rate should be 17.5%.
c. To make income per worker fall over the current period, we need to decrease the capital stock at time t+1. We can achieve this by decreasing the savings rate (s). Let's solve for the savings rate needed to achieve a 2% decrease in income per worker:
y(t+1) / y(t) = 0.98
\(35k+1^{0.5} / 35k^{0.5} / L=0.98\)
Simplifying gives (k(t+1) / k) = 0.9604
k(t+1) = (1 - d)s(k) + k
0.9604k = (1 - 0.175)s(100) + 100
s = 15.05%
Therefore, to achieve a 2% decrease in income per worker, the savings rate should be 15.05%.
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Related Questions
which of the following is the most complex level of body organization
Answers
Answer:
The major levels of organization in the body, from the simplest to the most complex are: atoms, molecules, organelles, cells, tissues, organs, organ systems, and the human organism.
Explanation:
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Who looks like clementine in the walking dead?
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Answer:
hmm, My sister HAHAHA
Explanation:
for real tho 0-0
In the AFI strategy framework, strategy analysis primarily involves Group of answer choices evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage. organizing a firm in order to effectively put the formulated strategy into practice. designing a business, corporate, and global strategy to gain and sustain a competitive advantage. deciding the type of corporate governance that would be most effective in the implementation of a strategy.
Answers
Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.
two historical leaders who practiced different leadership styles
Answers
Self-assured and endearing are traits of charismatic leaders.
Transformative leaders solicit supporters with ideas.
What is leadership?Leadership is crucial because it encourages, inspires, and sets an example for others to make the country a safer place. Managers include a vision, offer a course of action, and cultivate a close bond with her followers.
The primary driver that separates the two is that, whereas charisma is centered on the leader, Transformative performance is constructed around like ideas and typically incorporates involvement from the current roster, not only the leader.
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f an individual wanted to invest into the "pipes" of verizon the media companies, they would put their money into
Answers
If an individual wanted to invest into the "pipes" of verizon the media companies, they would put their money into telecommunication or network infrastructure-related companies.
If an individual wanted to invest in the "pipes" of Verizon, which refers to the infrastructure and network services provided by the company, they would typically invest in telecommunication or network infrastructure-related companies. Verizon is a telecommunications company that provides wireless communication, broadband, and other network services.
To invest in media companies, which are typically involved in content creation, distribution, or broadcasting, the individual would look for companies that specialize in media production, entertainment, or broadcasting services.
Therefore, to invest in both the "pipes" of Verizon and media companies, the individual would need to diversify their investments across both the telecommunication sector (such as Verizon or other telecommunication infrastructure companies) and the media sector (such as media production companies, entertainment conglomerates, or broadcasting networks).
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Help ASAP!!!! most possible answer
Answers
Answer:
The administration prosses a public and and AVAILIBLE TO ANYONE to review.
Explanation:
That is the most open administration because its available to anyone-(the public).
According to world bank estimates, per capita municipal solid waste generation in high-income countries is approximately _______ that of low-income countries (hoornweg & bhada-tata 2012)
Answers
According to world bank estimates, per capita municipal solid waste generation in high-income countries is approximately times that of low-income countries (Hoornweg & Bhada-Tata, 2012).
The term "per capita" refers to the amount of waste generated per person. The question states that high-income countries have a municipal solid waste generation that is approximately "Main answer" times that of low-income countries. This means that high-income countries produce a significantly larger amount of waste per person compared to low-income countries.
According to a report by Hoornweg and Bhada-Tata (2012), the per capita municipal solid waste generation in high-income countries is estimated to be significantly higher compared to low-income countries. This can be attributed to various factors such as higher consumption levels, greater availability of resources, and different waste management practices. The specific ratio mentioned in the question is not provided, so it is not possible to give an exact figure. However, it is clear that the difference between waste generation in high-income and low-income countries is substantial.
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What I need to do if I want to resells products from Amazon? It is legal? Tell the requirements.
Answers
Answer:
All i know is no its not illegal at all .
Explanation:
Answer:
No.
Explanation:
Generally, it’s not illegal to resell an item that you have legitimately purchased. Once you have purchased something at retail it is yours to do with as you choose.
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FTYZ Transport Inc. was supposed to pay wages amounting to $1,500 in March, which was the last month of its accounting period. However, Leeds Inc. failed to make the payment before the accounting period. What will be the adjusting journal entry passed by the accountant?
A.
Wages Account Debit Wages Payable Account Credit
B.
Wages Payable Account Debit Wages Account Credit
C.
Wages Account Debit Bank Account Credit
D.
Wages Payable Account Debit Bank Account Credit
E.
Wages Payable Account Debit Wages Account Debit
Answers
The adjusting journal entry passed by the accountant in this situation would be: A. Wages Account Debit Wages Payable Account Credit.
Since FTYZ Transport Inc. failed to pay the wages before the accounting period ended, the wages payable amount of $1,500 needs to be recorded as an expense (debit) in the Wages Account. At the same time, the unpaid wages need to be recognized as a liability (credit) in the Wages Payable Account. This adjustment reflects the unpaid wages that should have been paid during the accounting period. This entry is made to reflect the unpaid wages as a liability (Wages Payable) and reduce the corresponding expense (Wages Account) in the accounting records.
The debit to the Wages Account recognizes the expense that should have been recorded in the appropriate accounting period (March). By debiting the Wages Account, the expense is increased.
The credit to the Wages Payable Account reflects the outstanding liability owed by FTYZ Transport Inc. for the unpaid wages. The credit entry increases the Wages Payable balance, indicating that the company has an obligation to pay the employees at a later date.
Once the wages are paid in a subsequent period, the accountant would make a separate entry to reduce the Wages Payable Account and record the payment to the Bank Account.
It's important to note that the specific accounts used may vary depending on the company's chart of accounts and accounting practices. The entry described above follows the common practice of recording unpaid wages as a liability in the Wages Payable Account and recognizing the expense in the Wages Account.
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you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general electric pays .79 per share in dividends and hersheys food pays .84 per share in dividends how much do you collect from all 3 companies in dividend
Answers
Answer:
$278
Explanation:
100 * 1.15 = $115
100 * .79 = $79
100 * .84 = $84
$278
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1) what does regional employment means?
2) what does apprenticeship?
3 what is annex program?
4 what is vocational education?
5 write the types of soft skill training?
Answers
Answer:
1)The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment
2)Apprenticeship is a system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).
3)An annex is an extension of or an addition to a building. ... As a noun, an annex is part of a building or an addition to a main structure, or it can be an attachment, as in "an annex to the current plans." When used as a verb, the word means something a little different.
4)Vocational education is education that prepares people to work as a technician or to take up employment in a skilled craft or trade as a tradesperson or artisan. Vocational education is sometimes referred to as career and technical education.
5)Here are 15 soft skills examples that are essential traits among employees:
Communication.
Teamwork.
Problem-solving.
Time management.
Critical thinking.
Decision-making.
Organizational.
Stress management.
Answer:
1 Employment created and provided by a regional employer, business, company, enterprise, organization or regional unity government in a regional area of a country.
2 An apprenticeship is a program that trains a worker to become skilled in a particular trade
3 The Annex Program is a program that provided the protocol connection to Lyoko.
4 Vocational education is education that prepares people to work as a technician or to take up employment in a skilled craft or trade as a tradesperson or artisan.
5 Teamwork
Communication Skills
Problem-Solving Skills
Flexibility
Interpersonal Skills
Leadership skill
These jeans are made in Mexico, assembled in the US and retail for $150, but the profit differs considerably depending on whether they're sold online or at a physical store.
OFFLINE
Cost of goods sold
$45
Cost of goods sold
$45
Store payroll 27.00
Freight to retail store 4.50
Rent 22.50
Marketing 15.00
Other retail costs 12.00
Profit
$24.00
16%
ONLINE
Cost of goods sold 45.00
Free standard
shipping & returns 10.00
Warehouse/fulfilment 5.00
Operating costs
(softwaremaintenance) 30.00
Marketing
15.00
Profit
$45.00
30%
1. Excluding the cost of goods sold, what is the largest expense for a business selling jeans
offline and online?
Answers
Answer:
Offline store: $27.00
Online Store: $30.00
Explanation:
For offline store, the other biggest expense is payroll. Payroll refers to wages and salaries paid to employees.
The store payroll is $27.00
For the online store
The other biggest is the operating cost( software maintenance) at $30.00
Explain the differences between local and foreign commercial bank. 10 marks
Answers
Answer:Local banks have a multicultural way of looking at things, and are often much stronger in key economies like China as compared to their foreign counterparts. ... Foreign banks are often regarded as better employers for their higher remunerations and wider range of opportunities.
Explanation:
how do basic level occupation help society
Answers
Answer:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).
Basic level occupation can help our society in many ways. One of them is agricultural. A further explanation is provided below.
Agriculture would be essential employment across the globe even though it's the foundation or the core of all certain vocations, even though people must live.Otherwise, there'll be no significant population for any other activity, resulting in highly impoverished as well as uneducated people throughout the planet."
There are many jobs that a person can do like employee, homemaker, etc. A person can start his career with such jobs.
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Impact of natural disasters on South Africa’s economic growth performance for 2020 in comparison with 2023
Answers
Natural disasters can have a significant impact on economic growth, both in the short term and the long term.
How can we prevent natural disasters?As a result, cutting back on pollution is the first step in mitigating potential natural disasters. States must also become more resilient by planning ahead and getting ready to deal with dangers associated with the climate, from implementing conservation and restoration measures to enhancing infrastructure.
In the short term, natural disasters such as floods, droughts, or storms can disrupt economic activity, damage infrastructure, and cause loss of life and property. This can lead to a decline in economic growth, as businesses are forced to suspend operations, and the government is required to divert resources toward relief efforts.
In the long term, natural disasters can also have lasting effects on the economy, particularly if they cause significant damage to infrastructure or disrupt critical industries.
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Which of these is NOT a Principle of Economic Interactions?
A. Trade can be mutually beneficial.
B. Markets are usually a good way of coordinating trade.
C. Govt can potentially improve market outcomes if there is a market failure or if the market outcome is inequitable.
D. People face tradeoffs
Answers
Answer:
the answer is D
Explanation:
The three principles concerning economic interactions are (1) trade can make everyone better off, (2) markets are usually a good way to organize economic activity; and (3) governments can sometimes improve market outcomes.
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which of the following is true about FBLA-PBL?
A. There are thousands of chapters
B. joining replaces the need to attend college
C. the organization doesn't host any events
D only middle school students can join
Answers
Answer:there are thousands of chapters.
Explanation:
it’s the only answer that makes sense.
A country has a comparative advantage in producing a good if:.
Answers
Answer:
it can produce that good at a lower opportunity cost relative to another country.
What job in the marketing field is not typically available to people just starting their marketing career?
A.Manager
B.Graphic designer
C.Web developer
D.Editor
Answers
Answer:
manger
Explanation:
i took the test
The job in the marketing field is not typically available to people just starting their marketing career as of Managers. Thus the correct option is A.
What is a Career?A career is what someone chooses as a vocation to earn money. An individual's career is based on his talents, skills, and abilities, which enable him to seek growth and development and achieve his life goals.
When an individual starts their career in the field of marketing they get opportunities on the beginner level like graphic designer, web developer as well as Editor.
The manager-level job is a high-position job that requires expertise and experience in order to bring excellent work to the organization by completing the tasks and achieving goals.
Therefore, option A is appropriate.
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When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
Answers
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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Should a business email contain a salutation?
Answers
Answer:
A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)
Jua kali Furniture Makers do not maintain proper book keeping and the following information is available as at: 31/11/19 31/11/20 Kshs. Kshs. Creditors 44,000 37,000 Debtors 100,000 92,000 Prepaid wages - 8,000 Bank 78,000 160,000 Cash 12,000 36,000 Stock 30,000 20,000 Notes: (i) All sales are made on credit (ii) Amounts received from debtors included: cash Kshs.38,000 and cheques Kshs.170,000 (iii)Amounts paid to creditors included: cash Kshs.10,000 and cheques Kshs.47,000 (iv)Expenses for the year included: cash wages Kshs.4,000, wages paid by cheque kshs.24,000 and rent paid by cheque Kshs.12,000 (v) Cash drawings from bank for personal use kshs.5,000
Answers
To prepare the financial statement of profit or loss for the year ended 31st November 2020, we need additional information such as the cost of goods sold, other expenses, and revenue from sales.
Without this information, we cannot prepare a complete statement of profit or loss and other comprehensive income. However, we can prepare the statement of financial position (balance sheet) as at 31st November 2020, as follows:
Jua Kali Furniture Makers
Statement of Financial Position as at 31st November 2020
ASSETS 31/11/19 31/11/20
Kshs. Kshs.
Non-Current Assets
None - -
Current Assets
Debtors 100,000 92,000Prepaid wages - 8,000Bank 78,000 160,000Cash 12,000 36,000Stock 30,000 20,000Total Current Assets 220,000 316,000TOTAL ASSETS 220,000 316,000
LIABILITIES AND EQUITY
Current Liabilities
Creditors 44,000 37,000Total Current Liabilities 44,000 37,000Equity
Capital 176,000 279,000Total Equity 176,000 279,000TOTAL LIABILITIES AND EQUITY 220,000 316,000
Notes:
The increase in debtors from Kshs. 100,000 to Kshs. 92,000 shows that the company has collected Kshs. 38,000 in cash and Kshs. 170,000 in cheques from debtors during the year.The decrease in creditors from Kshs. 44,000 to Kshs. 37,000 shows that the company has paid Kshs. 10,000 in cash and Kshs. 47,000 in cheques to creditors during the year.The increase in bank from Kshs. 78,000 to Kshs. 160,000 shows that the company has deposited Kshs. 82,000 into the bank during the year.The increase in cash from Kshs. 12,000 to Kshs. 36,000 shows that the company has received Kshs. 26,000 in cash from sales and other sources during the year.The decrease in stock from Kshs. 30,000 to Kshs. 20,000 shows that the company has sold Kshs. 10,000 worth of goods during the year.The increase in prepaid wages from Kshs. 0 to Kshs. 8,000 shows that the company has paid Kshs. 8,000 in advance for wages to be paid in the next period.The drawings of Kshs. 5,000 for personal use are not reflected in the statement of financial position, as they are not a liability or an asset of the company.In conclusion, while we cannot prepare a complete statement of profit or loss and other comprehensive income without additional information, we can use the available information to prepare the statement of financial position for Jua Kali Furniture Makers as at 31st November 2020.
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4. The amount of money charged for a certain amount of insurance coverage
is _____
Answers
Answer:
Managing
Explanation:
Managing insurance
Stanford issues bonds dated january 1, 2021, with a par value of $500,000. The bonds' annual contract rate is 9%, and interest is paid semiannually on june 30 and december 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $463,140.
Answers
A bond is a short-term loan from an investor to a business, the federal government, a state, or a local municipality. In general, the agreement pays you, the lender, a fixed interest rate for the duration of the loan.
A bond is a type of financial security that is used to symbolise a loan that a bondholder, or investor, has made to a borrower. Bonds are frequently issued by businesses, sovereign governments, states, and local governments to finance operations and unique projects.
When the bond expires, the loan, which is normally a lengthy arrangement (10 years or more for government issuance), is repaid. The lent sum, also known as the principle or face value, is normally paid back as fixed-rate interest payments, or coupons, to you as the bondholder in the meantime.
A bond typically receives coupon payments twice a year. While some bonds pay interest annually, others do so regularly. Others, referred to as zero-coupon bonds, do not accrue interest over time. These securities provide interest compensation in the form of a face value discount.
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Disclaimer: Your question is incomplete. Please write the complete question by looking over the internet.
why doesn't school teach taxes
Answers
Answer:
Well, Who knows but I'd assume they deem it unimportant. for our class because of we were a higher class our parents would teach us how when we were ready
Answer: People file different kinds of taxes. They can't teach you every kind of tax in depth on how to go through it. For example, for personal income taxes, there are currently three different types of forms that someone could file.
what is networking why is useful when looking for a job
Answers
Answer:
Career networking involves using personal, professional, academic or familial contacts to assist with a job search, achieve career goals, learn more about your field, or another field you'd like to work in. Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
Explanation:
Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
A ceiling design that has a rectangular center that is either popped out or inverted to add an effect.
Answers
Answer:
tray ceilings
Tray Ceiling - Usually seen in dining rooms and kitchens, tray ceilings are built upwards in a cut out resembling a tray. It has a rectangular center that is either popped out or inverted to add an effect
Explanation:
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G Brown has the following items in her balance sheet as on 30 April 20X8: Capital £18,400;
Creditors £2,100; Fixtures £2,800; Car £3,900; Stock of goods £4,550; Debtors £2,780; Cash at bank
£6,250; Cash in hand £220.
During the first week of May 20X8
(a) She bought extra stock for goods £400 on credit.
(b) One of the debtors paid her £920 by cheque.
(c) She bought a computer by cheque £850.
Answers
Answer:
b
Explanation:
Is A the actually answer?
Answers
The emphasis of the Second New Deal was on a.economic recovery, creating government programs to address the immediate needs of the unemployed. b.protecting the rights of businesses, especially small businesses. c.economic security, in an effort to protect Americans against poverty and unemployment. d.civil rights for African-Americans.
Answers
The correct answer is A) economic recovery, creating government programs to address the immediate needs of the unemployed.
The emphasis of the Second New Deal was on economic recovery, creating government programs to address the immediate needs of the unemployed.
The Second New Deal included new programs to extend federal aid and stimulate the nation's economy, such as the Rural Electrification Administration.
In the decade of 1930s, rural America had no electricity and clear water. The Rural Electrification Administration hired Lester Beall, a graphic designer that created a series of posters describing the benefits of electrification for the communities.
Another example is President Roosevelt’s works progress administration of 1935 that considered many infrastructure programs for the benefit of the U.S. citizens. He also considered the Federal Project Number One. This was a program aimed to help writers, musicians, and artists. Roosevelt aimed to get jobs for these people in order to entertain the American citizens during those difficult times.