subject
Business, 12.01.2021 18:00 gamingisfun

Consider the economies of Sporon and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 30 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2014 and 2024.

Sporon
Year Physical Capital Tools per worker Labor Force Workers Output Gobs of goo Productivity Gobs per worker
2014 11 30 3,000
2024 15 30 3,600

Gobbledigook
Year Physical Capital Tools per worker Labor Force Workers Output Gobs of goo Productivity Gobs per worker
2014 8 30 2,400
2024 12 30 3,600

Initially, the number of tools per worker was higher in Sporon than in Gobbledigook. From 2017 to 2037, capital per worker rises by 5 units in each country. The 5-unit change in capital per worker causes productivity in Sporon to rise by a amount than productivity in Gobbledigook. This illustrates the concept of , which makes it for countries with low output to catch up to those with higher output.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:00
Assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of $1 million per restaurant. it outfits each restaurant with an additional $200,000 of equipment and furnishings. to partially defray the cost of this expansion, bbq issues and sells 200,000 shares of stock at $30 per share. what is the amount of economic investment that ahs resulted from bbq's actions? how much purely financial investment took place?
Answers: 2
question
Business, 22.06.2019 10:30
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
Answers: 1
question
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
question
Business, 22.06.2019 20:00
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
You know the right answer?
Consider the economies of Sporon and Gobbledigook, both of which produce gobs of goo using only tool...
Questions
question
Mathematics, 24.02.2021 21:40
question
Mathematics, 24.02.2021 21:40
question
Mathematics, 24.02.2021 21:40
question
Health, 24.02.2021 21:40
question
English, 24.02.2021 21:40
Questions on the website: 13722360