Search our Repository

Order a high quality custom written paper

This revision paper should be used as a source of ideas / reasoning / inspiration for your own research. You should never submit it as your own work. Need something custom and original? Choose from a wide range of academic writing tasks and get the one you need.

Price $9

Pay with paypal

* Once your purchase is processed by paypal you will be redirected back to this page and you'll have the option to download the paper. We'll also send the paper to your paypal email address as proof of purchase.
Download Paper
Economics 4 Pages

Comparison Between The Growth Of China And Hong Kong

Question

Write a paper illustrating and comparing the difference of economic growth between china and Hong kong

Solution

Title: Comparison Between The Growth Of China And Hong Kong
Length: 4 pages (1100 Words)
Style: MLA

Preview

Answer 1

Calculate the initial values of y and k. Verify that the economy is on a balanced growth path.

k = 1600000/0.1 = 16,000,000

y= 160000001/2 = 4000

Suppose the savings rate rises to 50%. Calculate the values of y, k, actual investment (sy), and balanced-growth investment (nk) for the next year. (Hint: k1 = k0 + nk0 )

K= 16000000 + 0.5 X 16000000 = 24000000

y= 240000001/2 = 4899

When technological growth rate decreases, output reduces proportionately because the method of production becomes insufficient. Technological reduction results to loss of capital in the long run because more capital is used to produce less output.

$9.00

Do you need an affordable high quality custom written paper?

Order a high quality custom written paper

With a team of proficient and enthusiastic writers, we are able to produce a compelling text on practically any topic.

Plagiarism Free

Excellent Quality

100% MONEYBACK