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Comprise the real world data for South Korea and South Africa for the year 2000. Capital/Worker (K/N) and GDP/Worker (Y/N) are expressed in 2000 dollars.
Explain how much of the difference is accounted for by the population growth rate and how much is due to a different saving behavior.
Describe the existence of steady state. Can K increase indefenitely or go to zero.
Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve. Potential GDP does not change.
Illustrate what is the Equilibrium interest rate. Assume the Bank of Canada wants the nominal interest rate to be 4% per year. Shift the money supply in the appropriate direction to create a 4% n
Illustrate what specific criteria did you use to select these sources and to eliminate other potential sources.
Illustrate what happens to demand, if the price of a good increases
Elucidate in a nontechnical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment.
Illustrate what is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita.
Compute real GDP. Indicate in each compute whether you are inflating or deflating the nominal GDP data.
Using the equations, find out the initial equilibrium price and the quantity in the market for gasoline.
Suppose that the above firm is a profit maximizes operating in the short run, determine its optimal price.
Suppose the Fed purchases a government security from a private dealer and pays with a Fed check.
Illustrate which of the following countries devote the smallest percentage of its GDP to taxes.
Explain the investment demand curve is a useful tool to summarize an important and complex relationship in the economy.
Explain how do you believe they are affecting the consumption schedule of the US economy today.
Use which info plus your best forecast of inflation to cmpute the real rate of interest on those bills.
Illustrate what should you be asking about the forecast. Can you think of ways in which inflation may be a positive vs. a negative.
Illustrate (with appropriate figure) the short run and the long run impact of immigration on native labor market when the immigrants and natives are complements.
Illustrate what happens to employment in a competitive firm that experiences a techniqute shock such that at every level of employment its output.
As we know the factors that impact productivity growth: Physical capital, Natural resources, Human Capital and Technical Knowledge, should it be Government policy to subsidize the production or acq
Compute the real rate of interest on those bills. If it becomes negative, illustrate what does that mean for the economy, for borrowers and for investors
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you. Illustrate what should you be asking about the forecast.
what is the role for so-called "quantitative easing". Illustrate what are the presumed benefits and what are the tradeoffs.
Elucidate how further active policy may fit into the current graphical setup given the state of current policy.