{br} STUCK with your assignment? {br} When is it due? {br} Get FREE assistance. Page Title: {title}{br} Page URL: {url}
+1 917 8105386 [email protected]

Let y-GDP per-capita, x=GDP per-worker, and z-share of workers in the population (i.e. Workers/Population).A. Mathematically prove that y must equal the product of x times z.B. Given that y x*z, how are the growth rates of x, y, and z related? (No need to formally prove this, though you can if you’d like. It is easier to use a growth rule from our class or a math class, but state the rule in words or equations before using it)C. Since the share of workers in an economy is bounded between zero and one, it can’t grow or shrink forever. Hence, if z is constant in the long-run, what does that imply about the lon-run relationship between growth rates of GDP per-capita and GDP per-worker?

Our customer support team is here to answer your questions. Ask us anything!
WeCreativez WhatsApp Support
Support Supervisor
Brian
Available