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Mark Taber, CFA, is the Chief Investment Officer of the Taber Emerging Markets Fund, (TEMF). Taber uses a top-down approach to investing in countries. By interviewing government officials and the managements of foreign companies, Taber often gains economic and investment insights not yet fully understood by the foreign market. Taber is currently researching a potential investment in the emerging market country of Alphia. Taber travels to Ullom, the capital of Alphia, to discuss past, present, and future economic growth theory development with Dr. Raman Satish, managing director of the Alphia Economic Development Agency (AEDA).
Dr. Satish starts the conversation with Taber by discussing the three great growth cycles that the Alphian economy has experienced over the past 120 years: (1) the classical growth era, (2) the neoclassical growth era, and (3) the new growth era. Taber takes down the following statements from the meeting with Dr. Satish's meeting.
1. The Classical Growth Era of Alphia (1850-1950)
This hundred-year era was noted for periodic high levels of population growth and the sporadic introductions of technology. The average Alphianian's income was very modest and the standard of living remained almost the same over the 100-ycar period, except when new technology was introduced. Dr.
Satish cites the example of the one-time introduction of electricity to the Alphian economy from 1947 to
1950. E
2. The Neoclassical Growth Era o/Alphia (1951-1990)
During the neoclassical growth period, Alphia experienced a period of great economic growth. For example, from 1986 to 1990, Alphia's capital per hour of labor grew at a 9% annual rate, while real GDP grew at 7% per annum.
Also, Alphia was able to achieve economic growth rates and income levels comparable with many of its neighboring countries during the neoclassical growth period. Alphian scientists, together with the engineering department of the University of Ullom, provided access to the finest technology in the world. In addition, Alphia opened up its equity markets to outside investors and allowed its currency to float. Dr.
Satish believes that, given time, these capital market improvements should allow the Alphian economy to achieve an economic growth rate and per capita income level comparable to any country in the world.
To understand the role of technology in the growth of the Alphian economy (using neoclassical growth theory assumptions), the following table was developed to show the increased productivity of Alphian farmers using disease resistant grains. Assume new disease resistant grain technology was introduced into the Alphian farm economy at Point A.
3. The New Growth Era (1991-Today)
Since the Alphian energy crises of the late 1980s, the economy has been in transition. The AEDA goal is to have more than 50% of Alphian GDP coming from what we now call knowledge capital based industries by the year 2020. Given the large and growing population and their constant need for health care, the pharmaceutical industry was Alphia's first knowledge capital based industry. Dr. Satish believes that a focus on knowledge capital will enhance the long term growth prospects of Alphia's economy.
According to the neoclassical growth theory, calculate the contribution to real GDP growth during the period from 1986 to 1990 that came from an increase in capital per hour of labor.
A. 2%.
B. 3%.
C. 6%.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
In order to solve this problem we have to use the One-Third Rule of Robert Solow of MIT. His rule states that, with technology held constant, a 1% increase in capital per hour of labor equates to one-third of a 1% increase in real GDP per hour of labor. Thus, when capital per hour of labor increases by 9%, the one-third rule dictates that capital growth has contributed 3% (9% x 1/3) to real GDP growth. The balance of the 7% real GDP growth, or 4%, is due to technological change. (Study Session 4, LOS 14-b)
You have an on-premises data center and an Azure subscription. The data center contains two VPN devices.
The subscription contains an Azure virtual network named VNet1. VNet1 contains a gateway subnet.
You need to create a site-to-site VPN. The solution must ensure that is a single instance of an Azure VPN gateway fails, or a single on-premises VPN device fails, the failure will not cause an interruption that is longer than two minutes.
What is the minimum number of public IP addresses, virtual network gateways, and local network gateways required in Azure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Box 1: 4
Two public IP addresses in the on-premises data center, and two public IP addresses in the VNET.
The most reliable option is to combine the active-active gateways on both your network and Azure, as shown in the diagram below.
Box 2: 2
Every Azure VPN gateway consists of two instances in an active-standby configuration. For any planned maintenance or unplanned disruption that happens to the active instance, the standby instance would take over (failover) automatically, and resume the S2S VPN or VNet-to-VNet connections.
Box 3: 2
Dual-redundancy: active-active VPN gateways for both Azure and on-premises networks References:
https://docs.microsoft.com/en-us/azure/vpn-gateway/vpn-gateway-highlyavailable
Which are two features of the Cisco 1100 or 4000 series ISR router product lines? (Choose two.)
A. 50 to 200 Mbps WAN connections with rich branch services - the same services found at HQ
B. Unified communications with series build apps for Cisco TDM
C. Advanced LTE backup connectivity offering network resiliency for business continuity
D. Limited connectivity options
E. Cloud-based hardware management
Answer: A,C
Support for which authentication method was added in PAN-OS 7.0?
A. TACACS+
B. LDAP
C. Diameter
D. RADIUS
Answer: A
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