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Suppose that two countries, A and B, have the same rates of investment and depreciation, the same levels of productivity, and the same levels of output per worker. They differ, however, in their rates of population growth. The growth rate of population in Country A is greater than in Country B. According to the Solow model, which country should have a higher growth rate of output per worker?
Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be,percent of families on the vertical axis and percent of income on the horizontal axis b. percent of families on the h..
Elucidate is the point price elasticity of demand for Fantasy pinball machines
For ever of the situations, decide whether Al has increasing, constant, or diminishing marginal utility.
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
Illustrate what other information would you want before you decided where to establish a new production facitily.
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
Is the demand for electricity much price elastic when measured over a short period of time or a long period time. Explain.
Assume you want to begin a business in an area in which a natural disaster has recently occurred. How would you decide which kind of business to start.
Illustrate what will be the percent change in hotdog sales if the price of hamburgers goes up by 10%.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Explain how are people worse off when the price level rises as fast as their incomes
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