NO.PZ2022122601000047
问题如下:
Andrew Reed is a market strategist with a U.S.-based asset management firm. He is currently evaluating several emerging market economies in order to identify undervalued markets.
Reed uses the Cobb-Douglas production function (under the assumption of constant returns to scale) to estimate the long-term growth in real GDP for the country of Westria. Exhibit 1 summarizes the projections that Reed has gathered for Westria.
Calculate the projected annual growth in real GDP for Westria using the Cobb-Douglas production function and the information in Exhibit 1. Show your calculations.
选项:
解释:
中文解析:
在规模报酬不变的假设下,劳动的产出弹性=(1 -资本的产出弹性)或β = (1 - α)。
实际经济产出(GDP)百分比变化的近似值如下:
实际国内生产总值的估计变动为5.9%,计算方法如下:
什么时候需要加权重,Output elasticity of capital=0.7
我计算的是直接用=Growth in labor input+Growth in labor productivity=2.5%+6.8%=9.3%
Growth in labor input已知,需要计算 labor productivity.
Growth in labor productivity=Growth in total factor productivity+Growth in capital inputs=1.3%+5.5%=6.8%(带入上面)
其中,Growth in capital stock(就是那个Growth in capital inputs)