Macroeconomists focus on just a few key statistics

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Q. Why do you think macroeconomists focus on just a few key statistics when trying to understand the health also trajectory of an economy? Would it be better to try to make utilize of all possible data?

Q. Consider a 2 good exchange economy with 2 individuals, A also B. A's preference is represented by U(a) = 0.3 lnxA1 + 0.7 lnxA2 also B's is represented by U(b) = .8lnxB1 + .2lnxB2. A's initial holding is (10,4) also B's is (8,12). Compute the demand function for each of A also B.

Reference no: EM1320792

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