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Suppose the parameters of the Romer model take the following values: A ¯_0=100,l ¯=0.10,z ¯=1/500,and L ¯=100
What is the growth rate of output per person in this economy?
What is the initial level of output per person? What is the level of output per person after 10 years?
Suppose the research share were to double. How would you answer parts A and B above?
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
Can you share the economic development strategies also quote some examples of Elucidate how Singapore also US use them.
What does the change in his con- sumption reflect a substitution or an income effect.
Italians focus on past; Americans focus on present. Italians therefore should generally be more resistant to change efforts than Americans. Does culture influence how change efforts will be implemented.
Assume the government is running a budget deficit. Should government increase taxes to balance the budget. Should the government decrease spending to balance the budget. Elucidate the pros and cons of each action.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week.
Calculate market demand and market supply. How this affects golden rule of capital per worker and golden rule of savings rate in so low model and explain your results.
Illustrate what do you think would happen to sale and price of DVDs after this.
Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
Explain should decision management as well as decision control be separated.
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
How much Medicare Tax did she pay? What is her marginal tax rateon her federal personal income tax? Details are related to the U.S.
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