What is sen capability approach in development briefly identifies five sources of disparity between (measured) real incomes and actual advantages as discussed by sen?
Q: Need help ASAP, will give thumbs up: QUESTION: Let ES0 represent the average skill level of…
A: Source Country : Y0 = M0 + R0(S) Where , Y0 : income , M0 : Income independent to skillset ,…
Q: In the circular flow model: a) income and expenditures are equal. b) investment comes from…
A: The circular flow of income is a macroeconomic model that depicts the flow of income and spending…
Q: Answer the following questions on the basis of the three sets of data for the country of North…
A: Real GDP is the total value of the final goods and services produced in an economy adjusted for…
Q: QUESTION TWO Suppose that the production function is a Cobb-Douglas given below Y=F (K,L) = AKª L!-a…
A: Given: Production function: Y=F(K,L)=AKaL1-a a=0.3
Q: An economist makes an assumption that each additional year of education causes future wages to rise…
A: A person with 12 years of education makes $24,000 per year and the additional year of education…
Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…
A: Economics as a subject deals with the allocation, production and optimization of scarce resources…
Q: Suppose that all social programs simultaneously become more generous. In particular, suppose that…
A: A rise in social programs will surely improve people's well-being at the expense of the country's…
Q: In developed countries the phenomenon of population aging is happening because of longer life…
A: Since you have posted multiple questions , I will answer the first one for you . The life-cycle…
Q: It is understandable that productivity is rising faster in the service sector because service…
A: Productivity refers to how much output is produced usings factors of production.
Q: of the following will cause a shift in the demand curve for capital EXCEPT: A change in sales…
A: Demand Curve For Capital: The curve that shows the negative relationship between the interest rate…
Q: The typical Australian works less than 40 hours per week today and worked 49 hours per week in 1920.…
A: GDP per capita is one of the most used measures to measure the average standard of living in an…
Q: The participation of women in the U.S. labor force has risen dramatically since 1970. True or False:…
A: Here, it is given that the US had experienced an increase in the number of women in the labor force…
Q: Describe the effect of each of the following on “the potential income” and on “the standard of…
A: Initially labor market is an equilibrium where the labor demand curve and labor supply curve…
Q: The catch-up effect says that countries with low income can grow faster than countries with higher…
A: According to the catch-up effect theory , the low income eating countries will grow and will finally…
Q: Please draw a change that raises the final incomes of the poorest households, but doesn't raise…
A: To raise the final income of the poorest without changing the spending, the new policy line must cut…
Q: What happens to fixed income when per capita incomes increases
A: The measure that depicts total income being earned in an economy by the total population of the…
Q: [Question to Hand-In] Consider a country where output is produced using land and labour according to…
A: In the given scenario, country production is dependent on the two factors i.e. land and labor in…
Q: Which of the following equals the change in an economy's capital stock from one period to the next?…
A:
Q: Which of the following is TRUE? Select one: a. Real GDP in the U.S. is 12 trillion dollars. b.…
A: Real GDP is the value of GDP calculated at with base year prices in comparison to the nominal GDP…
Q: Large majorities in the 11 emerging and developing countries surveyed either own or share a mobile…
A: In microeconomics, the income effect measures the change in dd for a commodity due to change in an…
Q: Using the NPV as key indicator for the success of a major organisational change project in a company…
A: The total of the Present Values of all future Cash Inflows minus the sum of the Present Values of…
Q: Suppose that average incomes today were $56,769 and are expected to grow at 3% each year for the…
A: Average annual income = $56769 Expected annual growth rate = 3% Policy induced annual annual growth…
Q: What typically occurs alongside a shift to an economy rooted in the secondary sector? O Increased…
A: The secondary sector implies a manufacturing sector that deals with the production of goods and…
Q: Chapter 7: Growth accounting Assume: Yı = 1000 K1 = 2500 LF1= 500 Y2 = 1300 K2= 3250 LF2=575 g = 30%…
A: Answer Given Below....
Q: Y=5K/5L4/5, where Y is output, K is capital, and L is labor. Firms are price-takers and maximize…
A: Given production function :- Y = 5K1/5L4/5
Q: Amartya Sen identifies five sources of disparity between real incomes and actual advantages. Discuss…
A: Answer: Amartya Sen identifies five sources of disparity between real incomes and actual advantages.…
Q: How impact the below factors for Secondary Education, General Pupils in Austria and United Kingdom ?…
A: Government expenditure on secondary education means that the country is focusing on monetary…
Q: Describe Locke's labor theory of property. (What is his fundamental hypothesis? How much of value…
A: When studying economics, it can be seen that many economists gave their theory to explain the nature…
Q: Suppose that the table presented below shows an economy's relationship between real output and the…
A: Input Quantity Real GDP 150 400 112.5 300 75 200
Q: Consider a neoclassical growth model (Y= Aka L1-a), where technology A = 30, capital K = 30 and…
A: Labor productivity = Total output / Total labor
Q: ent expenditure includes all public consumption, investment, and transfer payment. Which of the…
A: Current expenditure of the government means the short term payments to be paid by government will…
Q: Suppose that the table presented below shows an economy's relationship between real output and the…
A: a) The productivity of an economy represents the relationship between an economy's real output and…
Q: Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find the output matrix…
A:
Q: discuss why sustained increases in living standards are a historically recent phenomenon.
A: Expansion in the living standards are a verifiably ongoing phrnomenon. Prior to industrial…
Q: What is the quantity of real GDP produced if the real wage rate is at the full-employment…
A: In the labor market, the equilibrium wage and employment are determined at a point where the labor…
Q: True/False: Basic GDP statistics do not reflect changes in the quality of products. Net exports =…
A: Note : Since you have posted multiple questions at a time , only the first shall be answered . So ,…
Q: Determine whether each scenario is an example of intertemporal substitution and label each…
A: Intertemporal Substitution:Intertemporal substitution is the determination to sacrifice prevailing…
Q: The tab;e below shows data for five economies of similar size. Real GDP is measured in billions of…
A: The correct solution is option c.
Q: Which of the following models is behind the investment demand decision? (a) Consumption / leisure…
A: The investment demand decision refers to a household's decision whether to make investment or not.
Q: While increasing outplut levels have been a benefit of economic growth, what have been some of the…
A: Considering the effects of the social challenges and the problems associated with economic growth…
Q: MPC and MPS measure changes in consumption expenditure and saving that result from changes ?. A.…
A: The Marginal propensity consume (MPC) measures the rate of change of consumption due to a change in…
Q: Based on the Neoclassical growth model, which of the following explains improvements in material…
A: The Neoclassical growth model states that the equilibrium point in the short-run is the varying…
Q: One view of the consumption function is that workers have high propensities to consume and…
A: According to the Solow model the economy is said to be operating at its steady state level when the…
What is sen capability approach in development briefly identifies five sources of disparity between (measured) real incomes and actual advantages as discussed by sen?
Step by step
Solved in 2 steps
- The ways in which people choose to spend their time can provide important information to economists and other social scientists who study human behaviour. In particular, differences in how people use their time are often indicative of inequalities in important economic outcomes. Read the two articles below: How do people across the world spend their time and what does this tell us about living conditions? POST 1: Why is it important to understand differences in time use across different population groups? This post will be assessed as an original contribution. [100-150 words]下午3:41 1月14日周五 Yuki 12.31 AP环科课程反馈,pdf ... 89. In a human population undergoing the demographic transition, which of the following generally decreases first? (A) Birth rate (B) Death rate (C) Average family size (D) Life expectancy (E) Level of education · 25. The most commonly used measure of theWhy does the rate of return from education in surveys tend to lean bias upwards or downwards?
- What are the key points of Malthusian theory of population Fast1) Given the two human population age structures shown on the right, which population is most likely at or near equilibrium? population A b. a. population B both populations cannot determine C. d.AutoSave Off A Exam. gnele ouattara Go File Home O X Insert Draw Design Layout References Mailings Review View Help 只v * G Paste Font Paragraph Styles Editing Dictate Editor Reuse Undo Clipboard Files Styles s Voice Editor Reuse Files (2.b) Suppose we just studied the effect of schooling on incomes using data from the USA. Explain why it may be challenging to generalize the study results to India. R English (United States) O Focus le 110% Page 5 of 8 1437 words 6:43 PM ヘ令中 D 4/10/2022 delete 国 CE insert end F12 home prt sc F10 F11 F9 num backspace leck
- The President of Ghana launched the COVID-19 business alleviation program incollaboration with the National Board for Small Scale Industries (NBSSI), TradeAssociations, and some selected banks. Under the program, the government is givingfunds without interest to selected financial institutions for onward lending to businessesat a 3% interest. The program is aimed at helping beneficiaries to sustain their businesses during the Covid-19 pandemic. Use this information to answer the followingquestions.a. Explain in your own words, the monetary policy tool being used by thegovernment under this program. b. If the government had pegged the interest rate under the program at the monetary policy rate, will this have been a better way of setting the rate?Explain the advantages and disadvantages of each scenario. c. Explain the expected impact of the low-interest rate program on grossdomestic product (GDP), articulating the possible pathways.Question 1—Investment in Human Capital(6,000 character limit on all answers combined)Assume that there are two types of individuals in the population: Type A and Type B withthe corresponding fractions f1 and f2. The levels of ability for the two types are: αA andαB, with αA > αB. Suppose also that Type A lives for TA years, while Type B lives for TByears.Briefly answer/evaluate FOUR out of the following six statements:A. If the financial resources available for a Type B individual are greater than those available for a Type A individual, it is possible that the former will invest more in his/herhuman capital.B. Suppose that human capital is not productive, which of the two types will get moreinvestment in schooling?C. Suppose that the government provides all wages and sets all wages to be the same.How would that affect the incentives of the two groups to invest in human capital?1D. If TB > TA then Type B will get more education, otherwise Type A will definitely getmore…Is the relationship between total fertility rate and the rate of enrollment of girls in secondary school positive (as variable 1 increases, so does variable 2), negative (as variable 1 increases, variable 2 decreases), or is there no obvious relationship (increases in variable 1 are not correlated with changes in variable 2)?
- If a nation’s labor force receives a significant influx of young workers: a)frictionalunemployment will likely decrease to zero. b)the natural rate ofunemployment is likely to increase. c)the natural rate ofunemployment is likely to decrease. d)the natural rate ofunemployment is unlikely to changeCan you derive the fundamental equation governing the evolution of capital in an OLG model with households with inheritance and bequestsExplain how the percentage of undernourished people can have decreased slightly between 2000–2002 and 2005–2007, while the absolute number of undernourished people increased slightly during the same period