StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Soving 2 Macro economy Qs - Essay Example

Cite this document
Summary
4. a) Real GDP growth = (1246582-120412)/120412 = 0.02988 4.b) Labour productivity in 2004 = 1210412/23416.2 = 51.69 Labour productivity in 2005 = 1246582/23625 = 52.76 4.c) Rate of Labour productivity growth = (52.76-51.69)/51.69 = 0.0207 4.d) increased percentage of capital = [(413106.6-394697.2)/ 394697.2] *100= 0.0047*100 = 0.47% 8…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Soving 2 Macro economy Qs
Read Text Preview

Extract of sample "Soving 2 Macro economy Qs"

4. a) Real GDP growth = (1246582-120412)/120412 = 0.02988 4.b) Labour productivity in 2004 = 1210412/23416.2 = 51.69 Labour productivity in 2005 = 1246582/23625 = 52.76 4.c) Rate of Labour productivity growth = (52.76-51.69)/51.69 = 0.0207 4.d) increased percentage of capital = [(413106.6-394697.2)/ 394697.2] *100= 0.0047*100 = 0.47% 8. There could be a number of reasons for which these resources are left unexploited. First of all, these countries are very poor countries and they lack financial capital.

Since they lack financial capital, they cannot exploit the resources. Secondly, it could also be a conscious decision to not exploit these resources due to concerns of sustainability. However neither of these explain the extent of abundance of resources that are not utilized. A fair question is why don’t we observe foreign direct investment to exploit these resources? The major cause lies in the fact that Africa lacks human capital. Skilled workers migrate abroad. Further, political instabilities and corruption has led to very poor infrastructural development.

Consequentially managing logistics is extremely difficult. For foreign investors, these associated costs make exploiting resources unprofitable.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Soving 2 Macro economy Qs Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/other/1412277-soving
(Soving 2 Macro Economy Qs Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/other/1412277-soving.
“Soving 2 Macro Economy Qs Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/other/1412277-soving.
  • Cited: 0 times

CHECK THESE SAMPLES OF Soving 2 Macro economy Qs

Issues In Global Economy

Critical Analysis On Global economy By Instructor Institution Date The financial crisis is created by an increase in demand for money whereas the supply remains constant.... (2009) reviews the regulations put in place to govern the banking malpractices and other practices which may affect the economy in terms of customer's exploitation or the crippling of the investment sector.... (2009) attributed the latest financial crisis to two causative agents: global macro policies affecting liquidity and poor regulatory framework....
4 Pages (1000 words) Book Report/Review

The Role of Micro and Macro Factors In Business Decision Making

In addition to these fiscal and monetary policy implications, GDP of the economy that determines the purchasing power of the people, etc.... This research evaluates the role of micro and macro factors in business decision making and the improvement in the company performance with one macro and one microeconomic factor....
7 Pages (1750 words) Essay

Macro and Micro Economics: Comparison Study

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.... In the paper “macro and Micro Economics: Comparison Study” the author compares main features and principles of both economics in form of questions and answers....
4 Pages (1000 words) Coursework

Logistics: Evolution, Intermodal Transport, Measuring Performance and Distribution System

The paper "Logistics: Evolution, Intermodal Transport, Measuring Performance and Distribution System" presents discussion of four separate questions that are essential for sphere of logistics and provide solutions for certain problems.... hellip; Globalization coupled with free availability of information is creating a common resource base and common marketplace....
12 Pages (3000 words) Assignment

Nature And Significance Of Economic Science

The Honda Civic debuted in 1972 and was “ranked first in US fuel economy test” (HA, par.... The prime purpose of the paper "Nature And Significance Of Economic Science" is to discuss how people utilize scarce resources to produce goods and services to satisfy the most pressing and how they distribute these goods and services amongst themselves....
7 Pages (1750 words) Essay

Australian Market Vis-A-Vi Macro Environment Factors

This paper under the following headline "Australian Market Vis-A-Vi macro Environment Factors" focuses on the fact that in the fast world advancing technology and rapid globalization, the changing dynamics of global business has become highly competitive.... nbsp; The current case would be analyzed vis-à-vis macro-environment factors on their impact on the market strategy of the organizations in the new business dynamics....
6 Pages (1500 words) Case Study

Canadian Economy from 2007 till 2009

This coursework demonstrates the Canadian economy from 2007 till 2009.... Nevertheless, Canadian Governments and the policymakers faced the challenges imposed by economical recession very effectively, and hence the Canadian economy is still moving at the swifter and stable pace.... This paper deals with the description of the Canadian economy; it makes recognition and analysis of the role of the Canadian government in collaboration with the Bank of Canada in order to prevent the economy from any downfall....
9 Pages (2250 words) Coursework

Doing Business in China

The first desirable characteristic identified for the selected country is the stable economy to cushion the impact of the recession.... The macro-economic analysis of China has been done to analyse the impact of political, economical, social and technological factors....
7 Pages (1750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us