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Growth Accounting
Over the period from B.C. 10,000 to A.D. 1, the world population is estimated to have increased from 4 million to 170 million, while the level of income per capita was constant over time. Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the growth rate in productivity over this period. What was the annual growth rate of productivity, A?
Illustrate what is the distinction between marginal revenue product also marginal revenue. How does the government of Canada redistribute income.
Explain why cooperative approaches may stand up to legal review more easily in unionized plants than in non-unionized environments.
A political commentator argues: Congress and the president are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular. Agree because e..
Using specific examples, relate the concepts of Cross Elasticity and Income Elasticity to this product.
Do you think the government, using both fiscal policy and monetary policy, faces any trade-offs in trying to control for inflation vs. unemployment. What do you believe is more of a problem towards long-term economic growth: persistent inflation or u..
q.suppose that a person regards ham and cheese as pure complements- he or she will always use a slice of ham in
Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?
Write a short (2-3 page, double-spaced, typed) essay, identify at least one important entrepreneur that you would consider an "entrepreneurial legend" and state why you consider the person to be (or have been) exemplary.
Suppose that a company produces output according to the following production function: Q=0.5L2. Define & calculate the marginal product of labor. Define and calculate the average product of labor.
Suppose that market demand for answering machines is given by the expression QD = 1,000 – 150P+ 25I. Assume that per capita disposable income I = $200 and the price of answering machines is P = $10. Calculate the price elasticity of demand for answer..
For the Portfolio Project, conduct an analysis of a recent article and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: A minimum of three general economic principles related to the article. Iden..
these cuts are not discriminate theory, re is nothing EU can or should do about m. So why are some old EU members so upset about East European taxes.
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