Us Economy and Gdp - Term Paper
Essay about Us Economy and Gdp - 1503 Words | Bartleby
a) Analyze graphically the effect of a decrease in the savings rate on the level of capital (many
developed economies experimented diminished savings rate lately). Make conclusions about the level
of GDP per worker. Note: We assume that the number of workers is constant. 30 the ratio y
increases when Y increases and viceversa.
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b) Assume that the savings rate is s (the original one). Analyze the effect of an increase in
technology level, A’ > A, on the growth rate of GDP per worker. You can use a graph or an equation
to explain your reasons.
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The Human development index is divided in 3 parts: GDP per capita, life expectancy, and various measures of education such as enrollment in school and literacy rates ("Human development index, n.d.").