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1. The production function for the economy is y=2k?, the rate of depreciation (δ) is .08, population growth is .02 and there is no technological change.
a. Suppose the economy wants to satisfy the Golden Rule (i.e., maximize per capita consumption (c)), derive the saving rate that would achieve this.
b. At this saving rate, what are the steady state values of y, k, and c using the Solow model?
Ensure to you remain focused on strategy, structure, culture, leadership, teams, motivation, risks, resources, budgeting, scheduling, evaluation, and control. In addition make sure to create presentation notes… Address the following questions in your..
Participate in a discussion with your classmates regarding the expenditure multiplier effect within your local community, state, or region which magnifies or multiplies expenditures that increase the real GD. Discuss an event in your home city or sta..
Write down the T balance for the following scenarios and calculate the total money supply.
In your paper include a discussion of the opposing position along with your rebuttal (of that opposing position). For instance, if you decided to write a paper explaining that people should be allowed to vote using the internet, then the opposition w..
Consider the market for pizza. Indicate whether each of the following events is more likely to impact producer behavior (supply) or consumer behavior (demand). Will supply/demand increase or decrease?
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
a. What is Karl's demand for hamburgers at those prices? b. Calculate the (own-price) elasticity of demand for hamburgers at those prices. Is Karl's demand elastic or inelastic?
Price discrimination: Shooting Star Books is a small publishing company that specializes in science fiction books. Assume that the marginal cost and average variable cost of printing books is $0 per book, and there is not fixed cost. The annual deman..
Identify the following interest rate statements as either nominal or effective: (a) 1% per month compounded weekly; (b) 0.5% per week compounded weekly; (c) effective 15% per year com- pounded monthly;
q.how would you estimate the additional dollar cost of each additional salesperson?based on your companys past sales
With economic development comes each of the following, except;
A quarter century ago Canada, Mexico and the United States formed a customs union, known as NAFTA. This is not a common market, and indeed there are an estimated 7 to 10 million illegal immigrants living in the United States, many of whom are Mexican..
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