1. 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 provethis, though you can if you’d like. It is easier to use a growth rule from our class or a math class, but statethe 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 orshrink forever. Hence, if z is constant in the long-run, what does that imply about the lon-run relationshipbetween growth rates of GDP per-capita and GDP per-worker?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more