ECON455 WISC Long-Run Convergence Of Countries Please read Chapter 2.6 “Are Living Standards of Developing and Developed Nations Converging?” (p78-83) and
ECON455 WISC Long-Run Convergence Of Countries Please read Chapter 2.6
“Are Living Standards of Developing and Developed Nations Converging?” (p78-83) and discuss
whether developing countries are catching up per capita GDP with developed countries. If you do
not have the textbook, please go to JSTOR, find an academic article “A Contribution to the
Empirics of Economic Growth” by Gregory Mankiw, David Romer, and David N. Weil (The
Quarterly Journal of Economics, Vol. 107(2), 407-437, 1992) or “Unconditional Convergence in
Manufacturing” by Dani Rodrik (The Quarterly Journal of Economics, Vol. 128(1), 165-204,
2013), and discuss the same question. ACCT 202 Final Exam Review
Indicate which section (Operating, In
the following transaction would be found:
Selling shares of Microsoft Stock held for appl
Buying treasury stock
Paying principal on a long-term loan
Receiving dividends from Microsoft on shares owne
Selling a delivery truck
Purchasing inventory for resale
Purchasing a bulldozer to be used in operations
Paying wages to employees
Paying interest on a long-term note payable
Issuing common stock
Paying dividends to stockholders
Issuing a bond payable
1.
A
B
С
D
E
F
G
H
1
K
L
Indicate whether each of the following items should be
of cash flows using the Direct or Indirect method.
A Cash paid for inventory
B Depreciation
с
Increase in accounts receivable
D Increase in inventory
E Decrease in prepaid expenses
F Gain on sale of equipment
G Cash received from customers
H Cash paid to employees
f
2.
Use the following to answer the next two questions:
The following present balance sheet information for the cu
Currd
Current assets
Long-term assets
O O
e
so
Click to add notes
Del
EM
Ed
Notes
11-08 AM
permission.
Source: Robert Barro and Xavier Sala-i-Martin, Economic Growth (New York: McGraw-Hill, 1995), p. 27. Reprinted with
(a) World sample
Log (real per capita GDP in 1960)
10
9
8
7
5
-0.025
9
(b) OECD sample
Log (real per capita GDP in 1960)
8.0
7.5
7.0
0.015
0.000
8.5
96
9.0
0.020
0.025
0.025
Per capita growth rate, 1960-1985
0.030
Growth rate, 1960-1985
0.050
0.035
0.075
0.040
0.045
rate, and similar depreciation rate will converge
Countries with similar population growth, similar saving
Long-Run Convergence
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