In the solow model-population growth determines

Assignment Help Business Economics
Reference no: EM131244300

Given: Inflation rate in Macroland was 4.5% in 2009, -2.7% in 2010, and -1.8% in 2011. Determine whether each of the following statements is true or false:

a. The ave P level in Macroland decreased in 2010.

b. The given data suggest that the ave P level in Macroland went up in 2009.

c. There was disinflation in Macroland in 2010.

d. The ave P level in Macroland in 2011 was negative.

2.  In the Solow model, population growth determines:

a. the rate of economic growth.

b. the steady state level of per capita output.

c. the rate of technological progress

d. the rate of saving.

e. None of the above

Reference no: EM131244300

Questions Cloud

Measures of elasticity enhance our ability to study : Measures of elasticity enhance our ability to study the magnitudes of changes in quantities in response to changes in prices (or income). This is especially important for policy, where the effectiveness of a tax depends, in part, on the elasticity of..
Elasticity of demand magnitude of consumer response : Explain the relationship between the elasticity of demand, the magnitude of consumer response, and the amount of revenue collected by the tax.
Equivalent to in real terms : Given: CPI in 1988 = 116.9 and CPI in 2013 = 234.3. If the starting salary for a new MBA in 1988 was $48,000, what amount in 2013 would that be equivalent to in real terms?
Supply and demand together create the wind turbine market : Suppose we are examining the market for 240-foot industrial wind turbines. Consumers (buyers) of these wind turbines use them to generate electricity. For this analysis, we are interested in the demand for wind turbines and the supply of wind turbine..
In the solow model-population growth determines : Given: Inflation rate in Macroland was 4.5% in 2009, -2.7% in 2010, and -1.8% in 2011. Determine whether each of the following statements is true or false: In the Solow model, population growth determines:
The harrod-domar model is based on the assumption : The Harrod-Domar model is based on the following assumption(s): A person borrows $10,000 today at a nominal interest rate of 5%; inflation for the past 10 years has always been 2%. Today, inflation instantly rises to 7% and stays that way for the dur..
In the loanable funds market-each dollar borrowed : In the loanable funds market, each dollar borrowed: Because businesses are the primary:
Influenced the slope of the phillips curve : The slope of the Phillips curve: Draw a graph with a steep Phillips curve and a graph with a gently sloped Phillips curve. Explain how the two economies respond differently to a boom and to a slump. What are some factors that might influenced the slo..
Evaluate a real situation between two actors : Evaluate a real situation between two actors; it could beany scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. Use game theory to analy..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Assume that the price elasticity of demand

Assume that the price elasticity of demand is −.5 for a certain firm's product. If the firm decreases price, the firm's managers can expect total revenue to: Maximizing total benefits is never equivalent to maximizing net benefits. Maximizing total b..

  Which of the surgeries has the lower inflation rate

Two similar surgeries, breast reconstruction and breast augmentation, have different prices. Breast augmentation is cosmetic surgery not covered by health insurance. Patients who want the surgery must pay for it themselves. Which of the surgeries has..

  Consider repeated game between supplier and buyer

Consider a repeated game between a supplier (player 1) and a buyer (player 2). These two parties interact over an in nite number of periods. In each period, player 1 chooses a quality level q ∈ [0, 5] at cost q. Simultaneously, player 2 decides wheth..

  Market structure-pure competition or monopoly

Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure. Describe or illustrat..

  Government fiscal policy and international trade

Government fiscal policy and international trade seem to be linked. Let’s investigate their relationship. Say a government is currently running a budget deficit and decides to cut taxes, increase spending, or both. Explain how this will affect intere..

  Government strongly encouraged unions to be formed

The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to

  Illustrate what would be its profit-maximizing price

If the company were to build the bridge, illustrate what would be its profit-maximizing price. Would that be the efficient level of output.

  Adjust the following graph to show the changes in the market

Adjust the following graph to show the changes in the market between 2001 and 2002.

  How do you expect banana market to adjust in the long-run

After a cyclone banana crops have been destroyed, in response to damaged crops banana prices increased from $2 to $15. How do you expect the Banana market to adjust in the long-run?

  Appropriate graphs optimal pricing of public transportation

Show using appropriate graphs the optimal pricing of public transportation. In particular, show what the optimal pricing would be under a) no traffic congestion b) some traffic congestion

  What is the equilibrium price for lawn mowers

What is the equilibrium price for lawn mowers? What is the equilibrium quantity of lawn mowers? What is the value of the maximum gains from trade? What is the value of consumer surplus if a price ceiling of $40 is put in place?

  Research shows that much more money is spent on medical care

Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd