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Why is a strictly economic definition of development inadequate? What do you understand economic development to mean? Can you give hypothetical or real examples of situations in which a country may be developing economically but still be underdeveloped?
Solve for the growth rate of consumption as a function of α and graph for various values of α. What is the effect of increasing α? Comment on your findings.
Explain how the exchange rate acts as an automatic stabilizer in an economy with flexible exchange rates.
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms.
Calculate elasticity of demand at prices $8, $5, and $3. Price Quantity Purchased $10 1 $9 2 $8 3 $7 4 $6 5$5 6 $4 7 $3 8 $2 9 $1 10
Draw a supply-demand equilibrium for each of the cigarette and chewing tobacco markets before and after the introduction of the regulations.
How does the topics in Chapter 7, Chapter 8 & Chapter 9 link to this case study?
Suppose we print up 10 transferable discharge permits, each of which entitles the holder to 1 ton of emissions. We distribute them equally to the two sources. What will the final emissions be for each of the two sources, and the total abatement co..
Suppose a prot-maximizing monopolist is producing 800 units of output and is charging a price of $40 per unit.a. If the elasticity of demand for the product is $ 2, nd the marginal cost of the last unit produced. b. What is the firm's percentage mark..
the demand for personal computers has been estimated to be q 500000 - 700p 200i - 500s. assume that per capita income
If your nominal income rose by 5.30 percent and the price level rose by 4.30 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.80 percent and your real income rose by 1.00 perc..
a) Using the 2 step growth model, calculate the price of the 3 stocks. b) Are any of the stocks an obvious buy compared to the current market price c) If you had a stock selected for part b, explain where the analysis may have gone astray.
Now consider a closed-end matching grant that matches state spending dollar for dollar up to a specified amount, at which point the subsidy is phased out. Do you think a closed-end matching grant is preferable to an open-end matching grant?
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