The Solow model demonstrates that A) in the absence of productivity growth, economic growth will turn negative in the long run. B) in the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run. C) productivity growth will inevitably decline due to diminishing marginal productivity. D) productivity growth must exceed the rate of growth in the population to avoid a steady state in the long run

Answers

Answer 1

Answer:

Option B: In the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run

Explanation:

The Solow model

This is the production function that gives people enough free hand or rooms to consider the accumulation of capital as a useful tool of long-run economic growth it is a dynamic model. Even if it can only mathematically solve for the endogenous variables in steady state, they are subscripted by time because the model holds at all points in time. And its addition to the production model includes capital stock is therefore not exogenous and the accumulation of capital is a possible tool of long-run economic growth.

Solow Model Strengths includes;

1. It gives a theory that shows how rich a country is in the long run( e.g. steady state)

2. It helps to understand differences in growth rates by using the principle of transition dynamics

Solow Model Weaknesses includes.

1. If the main tool studied in the model is investment in physical capital, that explains only a small fraction of the differences in income across countries

2. The model do not clearly explain differences in investment rates etc.


Related Questions

Choose the term that best matches the description given.
This intellectual property is registered with the U.S. Trade Representative

Answers

Answer:

None of these

Explanation:

Hope this helps!

Please mark me as Brainlinieast.

Answer:none of these

Explanation:

Which of the following is the most appropriate topic to address in a college application essay?
Question 11 options:

A. your family's trip last summer to Yosemite National Park


B. why you decided to volunteer your Saturday afternoons at the local senior center

C. why you think the Yankees aren't likely to win the next World Series

D. your experiences learning to drive a car
No bit links. 15 points.

Answers

Answer:

B. why you decided to volunteer your Saturday afternoons at the local senior center

Advertising done by Target, Kohl's, and Macy's for the purpose of building store traffic and encouraging consumers to make a purchase now is known as _____ advertising.

Answers

Persuative advertising

Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is authorized to sign checks approves purchase orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. 7. The treasurer of the company has not taken a vacation for over 20 years.

Answers

Answer:

The internal control principles are:

Establishment of responsibility

Segregation of duties

Physical control devices

Documentation procedures

Independent internal verification

Human resource controls

1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. ⇒ SEGREGATION OF DUTIES.

There should be a segregation of such duties so that the chances of fraud are reduced.

2. Three people handle cash sales from the same cash register drawer. ⇒ ESTABLISHMENT OF RESPONSIBILITY.

One person should have access to the cash register drawer so as to reduce chances of fraud where one person takes cash and no one knows who. One person having access is an establishment of responsibility for that person.

3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. ⇒ PHYSICAL AND IT CONTROLS.

Physical and IT controls would prevent such events from happening because the clothes would be identified before they left the store.

4. The person who is authorized to sign checks approves purchase orders for payment. ⇒ SEGREGATION OF DUTIES.

Segregation of duties ensures that this person would not make up frivolous purchase orders and then sign the checks for them.

5. Some cash payments are not recorded because checks are not prenumbered. ⇒ DOCUMENTATION PROCEDURES.

Documentation procedures ensure that records are well kept in the company to avoid such a scenario.

6. Cash shortages are not discovered because there are no daily cash counts by supervisors. ⇒ INDEPENDENT CHECKS OF PERFORMANCE.

There should be an independent check of performance in different departments especially in relation to cash to find out why cash balances are a certain way.

7. The treasurer of the company has not taken a vacation for over 20 years. ⇒ HUMANS RESOURCE CONTROLS.

Human resource controls ensure that best practices are used in human resource to promote efficiency. This scenario will lead to the burnout of the employee which would reduce efficiency in the business.

Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of which can be deducted from her income taxes. Her real estate taxes total $2,304 per year, and insurance costs $1,452 per year. She estimates that she will spend $1,446 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What monthly rent must she charge for each apartment to break even

Answers

Answer:

$1,032

Explanation:

Calculation to determine What monthly rent must she charge for each apartment to break even

First step is to calculate the Monthly costs using this formula

Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs

Let plug in the formula

Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]

Monthly costs= $1,510 + 192+ 121 + 241

Monthly costs= $2,064

Now let calculate the Break-even monthly rent per apartment

Using this formula

Break-even monthly rent per apartment = Monthly costs / 2

Let plug in the formula

Break-even monthly rent per apartment = $2,064 / 2

Break-even monthly rent per apartment = $1,032

Therefore What monthly rent must she charge for each apartment to break even will be $1,032

Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both items choosing rent-to-own plans for both items saving up enough money before buying either item splitting the items between installment and rent-to-own plans

Answers

Answer:

A. choosing installment plans for both items

Explanation:

on edge

The best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items. The correct option is (a).

What do you mean by the installments plans?

A way of paying for something in which a portion of the price is paid up front and then ongoing payments are made until the loan is fully repaid: Making an instalment plan to pay taxes over time is an additional choice.

A mechanism known as an instalment plan allows the buyer to take possession of the items and utilize them while paying a portion of the price as a down payment and the remaining balance in a series of scheduled instalments.

An agreement called an instalment purchase agreement is used to finance the purchase of assets.

Therefore, the  best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items.

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discusd five reasons why some people in your community do not participate your campaign?​

Answers

wait send a pic so i can understand better

For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review

Answers

Answer is B. Hope I helped have a good day

Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above

Answers

C is not true i’m pretty sure

OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.

Who are Customers?

In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.

What is meant by 'Services'?

A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.

What is a Company?

A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.

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Industrial development bonds are backed by: A the lease obligating the private user to rent the facility for the life of the bond issue B the deed to the facility constructed C securities pledged as collateral by the private user D the faith and credit of the governmental issuer Review

Answers

Answer: B the deed to the facility constructed

Explanation:

Industrial Development Bonds are issued by a government agency or authority on behalf of a company that might find it difficult to acquire financing on its own.

Such bonds are usually tax exempt and so will command lower interest rates than comparable bonds. They will be paid for by revenue from the project constructed and the collateral will be the deed to the facility constructed. This deed will be held by the government until the company finishes paying off the debt.

Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must a. take the car to an expert third party for an independent inspection. b. have reason to know of the cause of the failure. c. file a court action without prior notice of the defect to the dealer. d. give the dealer or manufacturer an opportunity to remedy the problem.

Answers

To prevail against Motor in a lemon-law dispute, Lima must have reason to know of the cause of the failure.  

Lemon law is specifically awarded to customers purchasing vehicles in the form of choice to either get replaced product or to get a refund for the defective vehicle.  

Hence, if the vehicle is impaired to function properly or is diagnosed as defective within 30 days of its purchase would entail them with lemon rights. To avail this right the consumer must have proper reasons to support it.  

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_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.

Answers

Answer:

Switching cost

Explanation:

Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc

It can employ the high switching cost in order to protect the customers from shifting to the another brand

Therefore the switching cost should be considered

the sum of a and 3a is​

Answers

Answer:

Given,

3a,a,_a.......a terms

Sn=n/2[2(a)+(n-1)d]

Sa=a/2(6a-2a+1)

Sa=a/2(2(2a+1)

Sa=a(2a+1)

Sa=2a^2+a

Explanation:

Last month, a gallon of milk cost $2 and a gallon of gas cost $4. This month, milk is $4 per gallon and gas is $6 per gallon. Matthias is not sure what is going on with the economy. How would an economist BEST describe what is happening?

Answers

Group of answer choices.

A. The rate of return has increased significantly.

B. There has been a lot of inflation in the market.

C. Prices for goods are experiencing compounding interest.

D. Asset allocation is on the rise in the economy.

Answer:

B. There has been a lot of inflation in the market.

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.

Furthermore, high inflation is typically a sign of a struggling economy because the wages earned by consumers cannot keep up with the increase in prices of goods and services.

In this scenario, a gallon of milk cost $2 and a gallon of gas cost $4 last month. This month, milk is $4 per gallon and gas is $6 per gallon.

Therefore, an economist would best describe what is happening as having a lot of inflation in the market.

1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.

Answers

The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.

What is the channel distribution?

Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.

Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.  

Therefore, option A is  correct.

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Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount

Answers

Answer:

sry i don't have this questions answers

Andrew Carnegie's system of vertical integration a combined all facets of an industry, from raw material to final product, within a single company. b created an industrial association through which member companies could wield much power. c embraced the notion of buying up competitors and forming a monopoly interest. d required smaller competitors to agree to standardized rates set by larger firms. e None of these

Answers

Answer:

A. combined all facets of an industry, from raw material to final product, within a single company

Forcing someone to sign a contract under threats and pressure is an example
of
A. non-disclosure
B. mistake
C. duress
ОО
D. fraud

Answers

D. Fraud

I’m not for sure tho…sorry hope it helps

Rosa, an entrepreneur, wants to measure the overall health of her small business by using a form of ratio analysis. Her chosen method requires her to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets. In this scenario, the ratio analysis method chosen by Rosa requires the measurement of her firm's _____.

Answers

Answer:

activity ratios

Explanation:

Activity ratios are various metrics that are used to see how efficient the operations of a business are in using their capital and assets.

Activity ratios include: stock turnover, debtors turnover ratio, working capital turnover ratio, investment turnover ratio, and so on.

In the given scenario where Rosa wants to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets.

She needs to measure her activity ratios

Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. HP is using a(n) _____ distribution arrangement.

Answers

Answer:

Multiple

Explanation:

For instance,Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. In this case, HP is using a(n) multiple distribution arrangement.

Distribution channel can be regarded as chain of businesses or intermediaries whereby good or service is been passed until it reaches the final buyer. Distribution channels could be wholesalersor retailers or distributors. Multi-channel distribution can be regarded as a channel whereby

business uses one or more than one type of distribution channel. For instance, a street retailer could

also distribute directly to customer with the use of e-commerce, even with the use of catalogues which could be sent via direct mail.

Hey! I need definitions to the following.
Temperance -
Justice -
Courage -
Perseverance -
Loyalty -
Commitment -
Pride -
Conviction -
Responsibility -
Self-Discipline
Compassion
Humility
Vitality
Dedication
Assertiveness
Fidelity
Forgiveness
Integrity
Respect for Authority
Etiquette
Work
Appreciating Cultural Diversity

Thank you so much

Answers

Answer:

Temperance - moderation or voluntary self-restraint

Justice - just behavior or treatment

Courage - the ability to do something that frightens one

Perseverance - persistence in doing something despite difficulty or delay in achieving success

Loyalty - a devotion and faithfulness to a nation, cause, philosophy, country, group, or person

Commitment - the state or quality of being dedicated to a cause, activity, etc.

Pride - a feeling of deep pleasure or satisfaction derived from one's own achievements

Conviction - the verdict that usually results when a court of law finds a defendant guilty of a crime

Responsibility - the state or fact of having a duty to deal with something or of having control over someone

Self-Discipline - the ability to control one's feelings and overcome one's weaknesses

Compassion - sympathetic pity and concern for the sufferings or misfortunes of others

Humility - the quality of being humble

Vitality - the state of being strong and active; energy

Dedication - the quality of being dedicated or committed to a task or purpose

Assertiveness - confident and forceful behavior

Fidelity - faithfulness to a person, cause, or belief, demonstrated by continuing loyalty and support

Forgiveness - the action or process of forgiving or being forgiven

Integrity - the quality of being honest and having strong moral principles; moral uprightness

Respect for Authority - to feel or show esteem, honor, and appreciation for

Etiquette - the customary code of polite behavior in society or among members of a particular profession or group

Work - activity involving mental or physical effort done in order to achieve a purpose or result

Appreciating Cultural Diversity - It is, well, appreciating cultural diversity! :D

Explanation:

I mean, you could have just searched it up :D

five examples of capital​

Answers

Answer:

Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.

company cars.

patents.

software.

brand names.

bank accounts.

stock.

Answer:

Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.  

company cars

patents

software

brand names

bank accounts

stock

Explain in brief about market development​

Answers

Answer:

Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.

Answer:

Definition: Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales

Explanation:

MARK ME AS BRAINLIEST

According to the chart, the three fastest growing career areas include

Other Services

Trade, Transportation, & Utilities Services

Professional and Business Services

Leisure and Hospitality Services

Information Services

Government Services

Financial Services

Education and Health Services

Mining

Manufacturing

Construction

Agriculture, Forestry, and Fishing

-10 010 20

30

construction, professional and business services, and education and health services

a.

Answers

Answer:

Education and Health ServicesProfessional and Business Services Leisure and Hospitality Services

Explanation:

The graph shown below works by assigning a longer bar to the fields that are the fastest growing. The field that has the longest bar is therefore the fastest growing and this is the Education and Health Services sector.

The Professional and Business Services area has the second longest bar so this is the second fastest growing. In third place we have the Leisure and Hospitality services area.

Answer:

b.

professional and business services, education and health services, and leisure and hospitality services

Explanation:

The finance department of a large company has prepared a master budget with very limited expense budgets for each department. The department managers are worried about being held accountable for these assigned targets, but senior management wants to keep spending reduced to allow for contingencies and strategic adjustments to the company-wide master budget. Based on this information, this budget process is

Answers

Group of answer choices.

A. A successful budgeting process because it will be a very useful tool to hold people accountable for overspending.

B. A successful budgeting process because it will encourage the associates to work their hardest to meet the goals.

C. Not a successful budgeting process because management has left too much room for strategic unknowns.

D. Not a successful budgeting process because it has not been widely accepted by the employees.

Answer:

D. Not a successful budgeting process because it has not been widely accepted by the employees.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on a periodic basis.

A master budget is a document that contains the aggregation of all lower-level, interrelated financial budgets and operating budgets produced by an organization and it typically comprises of a cash forecast, budgeted financial statements, profit and loss account and balance sheet and a financing plan.

Furthermore, the first step of a budgeting process is to prepare a list of each type of income and expense that will be integrated or infused into the budget. Thus, it is of utmost importance to know total income (inflows) and expenses (outflows).

In the same vein, the final step to be made by the management of an organization in the financial decision-making process is to make necessary adjustments to the budget.

Based on the information in the above passage, the budget process is not a successful budgeting process because it was prepared with very limited expense budgets for each department and has not been widely accepted by the employees.

When closing a direct request, you

a. indicate the consequences of a failure to reply.

b. mention your own qualifications or status.

c. request a specific response and mention the time limits.

d. thank the reader in advance for helping you.

Answers

Answer:

c

Explanation:

just took it on edg

Which of the following is the definition of customer experience?
A. The product of an interaction between an organization and a customer.
B. The product of upselling a customer.
C. The product of an interaction between the organization's employees.
D. The product of customer referrals

Answers

Answer:

a

Explanation:

Mark and Anthony are business partners of a franchised bakery. They have reached the end of the current financial year, and they assume that they must pay taxes. Since they have a partnership agreement, what must they submit?

A. Income tax return
B. information return
C. IRS tax claim
D. article of organization
E. policy document

Answers

Answer:

B. Information return

Explanation:

Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based

The details on the information return can be used for ensuring that the tax returns are correctly filed

Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return

It is important to save a copy of the information returns being filed each year

A company requisitioned $40,000 in direct materials and $30,000 in indirect materials from the storeroom to be used in production. The journal entry to record this transaction debits ______.

Answers

5 btgffttghggddyffgggggghhvvguuj

The CEO of Whole Foods Markets is John Mackey. It has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about eight functional teams: An employee is hired provisionally to a store team. After four weeks of work, the team votes whether to hire him or her; a two-thirds yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods

Answers

Answer:Democratic (participative)

Explanation:

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Is this equation balanced or unbalanced?C+02=CO2 ? divided by 1/3 = 6/7 what is the fraction that makes this true What did you enjoyed about the webinar? If f(x)=5^x+2x and g(x)=3x-6 find (f+g)(x) 1.) Write an equation of the line that passes through the point (3,-2) and isperpendicular to y=-1/2X+4.*Your answer The theory of comparative advantage shows that the gains from international trade do not just result from the absolute advantage of producing at lower cost, but also from pursuing comparative advantage and producing at a lower ________________. Group of answer choices hi pls help ill give brainliest Heston Wagons reported in June that 20 out of 500 wagons failed inspection. In July, they reported that 25 out of 625 wagons failed inspection. Which proportion can be used to represent the wagon failures? StartFraction 25 over 20 EndFraction = StartFraction 500 over 625 EndFraction StartFraction 20 over 25 EndFraction = StartFraction 625 over 500 EndFraction StartFraction 20 over 500 EndFraction = StartFraction 625 over 25 EndFraction StartFraction 20 over 500 EndFraction = StartFraction 25 over 625 EndFraction two advantage of tourist industry? What are Martin Luther King, Jr.'s arguments in regards to youth involvementin social protest? Support your response(s) with evidence from his autobiography Based on the graph, the half-life of this radioactive isotope is Solve the inequality -8m < 24 Which was NOT true of Japanese Americans during WWII? One of the major objectives of the 'Reduce, Reuse, Recycle campaign is to reduce the consumption of plastics. Inaddition to reducing their volume in landfills and as a source of marine pollution, what is another major advantagereduced manufacturing of plastics?A)reducing the use of petroleumreducing the consumption of waterC)generating more demand for glass containersD)more income for producers of reusable containers During the Great Depression, thousands of people changed social class unexpectedly, usually in a downward spiral. This event was the impetus for a type of social mobility called _______ mobility. Una micra (m) es una milsima de milmetro. Si la densidad del agua es 1000kg/m, cul es la masa de 10 m de agua? In C = A + B, what is the value of the entry represented by C41?OA. -2OB. 2.-16OD. 16 While making desserts for a bake sale, Nolan used 2 scoops of brown sugar as well as 1/2 of a scoop of white sugar. How much more brown sugar did Nolan use? Five and one half of 2 and one third is what number? soThe final step in any equation is this