Suppose k = y1/2, total factor productivity is constant and equal to 1, s = 0.40, and d = 0.10. When the economy reaches the steady state, investment per worker is ________
A) $0.80
B) $1.60
C) $3.20
D) $6.40
B
Economics
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The labor force participation rate is calculated as:
A) (number of unemployed) ÷ (labor force). B) (number of employed) ÷ (adult population). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (adult population).
Economics
Brazil only exports coffee and its price is $15 . It only imports crackers and its price is $10 . Brazil's terms of trade is
a. 15 b. 150 c. 67 d. 167 e. 100
Economics