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The rate of economic growth per capita in country A from 1996 to 2000 was 1.9% per year, while in country B, from 1996 to 2000 was 4.2%. Per capita. The real GDP was $28,900 in country A in 2003 and $12,700 in country B. Let us assume the growth rates for each country have been the same.
Now, Compute;
The doubling time for A's per capita real GDP.
The doubling time for B's per capita real GDP.
And
3. What will A's per capita real GDP be in 2045?
4. What will B's per capita real GDP be in 2045?
A produced 7 cups of coffee($4 a cup) and 4 cups of decaf ($3 a cap) during 2013, During 2014 , A produced 9 cups of coffee($5 a cup) and 5 cups of decaf( $3 a cup) Calculate the CPI for 2014 assuming 2013 is the base year.
Table 1 is a payoff matrix for Harvard and Yale. They were recently caught colluding on tuition rates and can no longer confer on rates. The payoff matrix describes the tuition revenues they will each receive by charging high or low tuition rates. Wi..
Consider the case where two players (Jeff and Joe) have to decide whether or not to join the Yellowstone to Yukon Conservation Initiative (Y2Y)1.
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Present a thorough analysis of economic growth. What are the factors that contribute to economic growth? Provide your perspective as to what our society can do to enhance economic growth.
We may take for granted such functionality as online banking, e-commerce, and other transactions where we share personally identifiable information. Refer to the Siles (2012) article for more information on securing your home wireless network.
q.suppose that a person regards ham and cheese as pure complements- he or she will always use a slice of ham in
The shape of Russia’s production possibilities frontier (PPF) should reflect the fact that as Russia produces more camcorders and fewer cars, the opportunity cost of producing each additional camcorder
Your job as assistant manager is to identify which farms will supply each market in order to minimize the transportation costs - However there are many other variables at play in your decision that you must go out and identify or estimate.
Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..
What role does money play under the Classical Macroeconomic Model? Include the impact the Quantity Theory of Money and Say's Law have on this model and state in algebraic terms how the money supply relates to prices.
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