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For this assignment, I want you to come up with your own definition of economic development. How should it be measured? How would this compare with the United Nations Development Program's definitions and measures in its Human Development Reports (www.undp.org)?
Additionally, choose a country of interest to you and discuss (in 300-500 words) how your definition of development could be applied to this country (e.g. identifying the most important areas in which the country needs improvement whether it be in terms of poverty, safety, education, etc.).
Why are these statements technically incorrect What would a supply and demand graph look like if it portrayed demand exceeding supply What does a commentator really mean when he or she says the demand for natural gas exceeds the supply
What do other sources of information say about these concepts? Are there discrepancies between the information in the article and information in the unit presentation or the text?
ECON 5120 Macroeconomic Theory, Draw the phase diagram for this case. b) Show that regardless of the economy’s initial conditions, eventually the growth rates of A and K (and hence the growth rate of Y) are increasing continually.
Explain each of the four elements on GDP from the expenditure approach. Include in your discussion what determines each and which is the largest. Your answer to this question should be about 500 words.
Asume you are analyzing the market for minivans. What will be the impact on the equilibrium price and equilibrium quantity of each of the following events on the minivan market. Justify your answer using the supply and demand model.
Explain in words how and why the income sensitivity of the demand for real balances affect the slope of the LM curve. Think of the demand for real balances as L(r,Y)= eY-fr where e and f are positive constants.B) What are the effects of a large s..
Explain how turmoil in global financial markets might affect the demand for loanable funds, investment, and global economic growth in the future and how do the high saving rates in Asia impact investment in other countries?
Homework - EconS - Illustrate the extended form game of the two-period, two-firm game and describe the second-period pricing for the case in which the first-period product is nondurable and durable.
Illustrate equations for total income also marginal income (interm of Q). what will be the total revenue at price of $ 70? what will be marginal revenue.
A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set Where is demand elastic, inelastic, or unit elastic Explain
Describe how a budget constraint of a house hold in a two-period model is affected by each of the following changes. In each case, do you think the household is better off , or worse off, or is it ambiguous.
Using the sectoral balances identity, explain the consequences of these surpluses for the private sector's net acquisition of financial assets.
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