real total output

Related BrainMass Solutions

• Cobb-Douglas production function

  If the real wage can adjust to equilibrate labor supply and labor demand, what is the real wage? In this equilibrium, what is employment, output, and the total amount earned by workers? c.

• effects of the increase in the expected future MPK on current output and prices from AD-AS diagram

  Output, total hours worked, and average labor productivity all are procyclical. a) Which variable, output, or total hours worked, increases by a large percentage in expansions and falls by a larger percentage in recessions?

• Graph to Determine Equilibrium Levels

  (AE = Total Spending, AP = Total Production or Total Output)(Hint: The equilibrium level exists where AE = AP. Graphically, this is expressed at the point of intersection between the AE and AP curves.

• Economic Profit and Loss

  So, optimal output level remains unchanged. But in this case Total revenue is less than total cost for all production levels. Firm will make losses at all production levels.

• AS/AD model

  fcd=dsp&key=AS-AD+model
  
  Some of the measures of total output on the horizontal axis of the AS/AD model can be productivity and real GDP, the real interest rate, savings, investment, the real exchange rate or the trade balance.

• US capital-labor ratio since 1948

  of 'real business cycles'?

• Power Generation: Efficiency

  The real turbine efficiency is 90% of Carnot efficiency ? A dry cooled condenser uses 3% of the electrical output ? The boiler pump uses 0.8% of the electrical output ? Other electrical needs total 0.5% of the electrical output ?

• consumer's PVLR

  What is the total output per week in the economy? By what percentage has total output fallen relative to the initial situation?

• Intermediate Macroeconomics

  Over the past twenty years an economy's total output has grown from 1000 to 1300, its capital stock has risen from 2500 to 3250, and its labor force has increased from 500 to 575. All measurements are in real terms.