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Q1. Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has a real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises 7% in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?
Q2. China has enforced the one child policy since 1979 to curb its population explosion. Suppose that china population L was growing at the constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy using continuous-time Solow model without technical progress.
What government policies are available to reduce domestic demand in the medium run. Identify which components of domestic demand each of these policies affect.
q1. what happened why did you leave the question and suddenly demand higher price?q2. how do i calculate the change in
Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities.
Derive total, average and marginal revenue schedules. Explain why your answer to part is an example of marginal analysis and optimizing behaviour in general.
Social Security and Medicare are in financial trouble. The money will run out for the future generations if something is not done shortly. In detail, explain how you would save both systems for the future generation.
Illustrate what management-financial considerations would required to be considered. Elucidate why the firm's short run production has only one ‘rational' stage of production.
What is player 2's maximin strategy? If the game were played with Player 1 moving first and player 2 moving second, using the backward induction method, what strategy will each player choose?
What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives?
what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
The Blair Company's three assembly plants are located in California, Georgia, and New Jersey. Previously, the company purchased a major subassembly, which becomes part of the final product, from
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