Problem Set 1.pptx

# Problem Set 1.pptx - Problem Set#1 Jack Limongelli Question...

This preview shows pages 1–8. Sign up to view the full content.

Problem Set #1 Jack Limongelli

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Question 1, Part A Annual GDP from 1965 to 2015
Question 1, Part A Annual Labor Compensation from 1965 to 2014

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Question 1, Part A Growth Rates of GDP and Labor Compensation 1965-1980 1980-1990 1990-2000 2000-2015 1965-2015 Growth Rate of GDP 9.4015 7.6447 5.5729 3.7779 6.4498 Growth Rate of Labor Compensation 9.6870 7.4713 5.7681 3.0931 6.5731 The growth rates are nearly identical for all periods. This is not surprising considering GDP is equal to production, which is equal to income. Growth in GDP, production, inherently leads to growth in labor compensation, income.
Question 1, Part B Proprietors’ income with inventory valuation and capital consumption adjustments Nonfarm; 1970-2015

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Question 1, Part B Proprietors’ income with inventory valuation and capital consumption adjustments Farm; 1970-2015
Question 1, Part B 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 0 10 20 30 40 50 60 70 Graph of Labor’s % Share of Income; 1970-2015 This graph shows a fairly consistent measure of Labor’s Share of Income: remaining between 60% and 65% from 1970 to 2015.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern