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Q. Suppose that we modify the Solow growth model by allowing long-run technological progress. That is, suppose that z = 1 for convenience, and that there is labor-augmenting technological progress, with a production function Y= F(K,bN), where b denotes the number of units of "human capital" per worker, and bN is "efficiency units" of labour. Charter b' denote future human capital per worker, assume that b' = (1 + j) b, where fist he 12. Growth rate in human capital.
Show that the long run equilibrium has the property that k** = ~ is a constant. Illustrate the rate that does aggregate output, aggregate investment, aggregate consumption as well as per- capita income grow in this steady state, Explain?
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
Estimated regression equation for which quantifies the demand for Widget
If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.
If today's production of capital goods exceeds the depreciation of capital.
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
Show how each of the following would initially affect a bank's assets and liabilities.
Does the existence of poverty imply that our socioeconomic system is unjust. Does the concentration of poverty in certain groups make it more unjust than it would be otherwise.
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
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