Answer the Questions Below

question 120

Essay

Answer the questions below:
(A) Suppose a cauntry has no Jrawth in techolady, the capital stock is yrowing at arate of 4 percent per year, and the labar farce is Prowing at arate of l percent per year. What is the grawth rate of real GDP per hour of wark?
(B) Suppose a county has a capital stack that is rrawing at l percent the labor farce is Prowing at 4 percent, and the growth of real GDP per hour af wark is 2 percent. What is the ryowth rate of techolagy? Which if the prawth rate of real GDP?

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Definitions:

Preset Value

A predefined or user-set value that determines when a certain action should be taken or when a specific condition is met within a system.

Timed Contact

"A normally open and/or normally closed contact that is actuated at the end of a timer’s time-delay period."