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Elasticity of GDP per worker with respect to capital per worker = 0.25 Capital per worker grows at a rate of 4% per year. Technology advances at a rate of 5% per year. The number of workers increases at a rate of 2% per year Average labor productivity in 2015 = 1,000 units Between 2014 and 2015 the real GDP will increase at a rate of ______ percent.
Given that the economy raise by the banking system and creation of money through lending, if one market is down are we to suppose that these other firms that are facing increased demand will borrow enough to counter balance the amount
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Banks are reluctant to borrow from the Fed’s discount window because it’s looked down on by other banks. Other banks think that if a bank needs to use the discount window, it’s probably not very healthy. Explain why.
Some real estate economists have argued that anchor stores in shopping malls create significant externalities for overall sales.
alexander studies away from home. while at school he spends all his income on air travel and economics textbooks. in a
The Internet boom of late 1990s was hailed as the four advent of a new economy: that would radically alter the face of business companies. By 2002, however, it was clear that new economy had not arrived on schedule.
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
government consumption in our model is simply a waste that is it does not affect anyones utility or affect the
Illustrtae what situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract.
Imagine that you intend to buy a portfolio of ten stocks with some of your savings. Should the stocks be of companies located in the same country?
The federal government estimated that the elasticity of demand for cigarettes among teenagers is equal to 2. If they want to reduce smoking by 50% among this group and the price of cigarettes is $6.00 per pack
Suppose that in Canada the opportunity cost of producing two television sets is three bushels of wheat. Suppose that in the United States the opportunity cost of producing 2 bushels of wheat is 3 television sets.
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