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What barriers to economic growth can be explained using the Harrod-Domar model?
Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over the capital output ratio. This is put as g = s / k. Define the implication of the model and then outline various impediments to its execution in real life in developing countries. Note that the question necessarily leads to a degree of spin-off in that the basis of the Harrod-Domar equation gives a starting point for discussion of limits to its viability.
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
define opportunity cost and how it is useful in managerial decision making?
With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of
Problem: i) What might be the possible causes of inflation according to economic theory? ii) Taking stable prices and full employment as two macroeconomic objectives of gov
how to calculate growth rate in closed economy
3, chapter 12
They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current
determine if completeness and transitivity are satisfied for the following preferences defined on x=(x1,x2)and y=(y1,y2);if x>y or x=y and x2>y2,if for min{x1,x2}
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