subject
Business, 24.03.2020 02:15 crispingolfer1864

Consider the economies of Hermes and Gribinez, 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 4 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 2018 and 2048.Year Hermes Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)2018 11 30 3,000 2048 15 30 3,600 Year Gribinez Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)2018 8 30 2,400 2048 12 30 3,600 ---(use the above table to fill in the blanks below)---Initially, the number of tools per worker was higher in Hermes than in Gribinez. From 2018 to 2048, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a amount than productivity in Gribinez. This illustrates the concept of , which makes it for countries with low output to catch up to those with higher output.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:30
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
question
Business, 22.06.2019 18:20
Principals are an administration career
Answers: 2
question
Business, 22.06.2019 19:10
Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.
Answers: 3
question
Business, 22.06.2019 22:00
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
Answers: 2
You know the right answer?
Consider the economies of Hermes and Gribinez, both of which produce gobs of goo using only tools an...
Questions
question
Mathematics, 21.01.2022 14:00
Questions on the website: 13722362