Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider a variant of the model studied in Section 11.3 in which the technology in the consumption good sector is still given by (11.27), while the technology in the investment good sector is modified to
where β ∈ (α, 1). The labor market clearing condition now requires LC(t) + LI (t) ≤ L(t). The rest of the environment is unchanged.
(a) Define a competitive equilibrium.
(b) Characterize the steady-state equilibrium, and show that it does not involve sustained growth.
(c) Explain why the long-run growth implications of this model differ from those of Section 11.3.
(d) Analyze the steady-state income differences between two economies taxing capital at the rates τ and τ . What are the roles of the parameters α and β in determining these relative differences? Why do the implied magnitudes differ from those in the one-sector neoclassical growth model?
What is each country's cost ratio of producing Peaches and Apples?
To describe and explain the communication in a relationship you have with another person
A $40,000 investment you made yields annual payments of $22,000, $14,000, $17,000, $25,000, and $38,000 at the end of the next 5 years respectively. Calculate the rate of return represented by this cash flow to three significant figures.
Suppose that every driver faces 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000. Suppose there are two types of individuals: those with $60,000 in the bank and those with $5,000 in the ba..
Why does faster technological progress lead to more rapid accumulation of human capital?
Assume that the current income level in the economy is $600 billion. To reduce the unemployment rate to the desired level, it is determined that we must raise the income level to $650 billion. Assume that C = 25 + 0.75 Yd . To accomplish this, tax..
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Given much thought to how new employees adjust or become socialized into a new organization?
Albert Einstein once noted that" compounding of interest is one of humanity's greatest inventions". to illustrate the mind-boggling effects of compounding suppose $100 is invested at the end of each year for 25 years at i=50% per year. In this cas..
Select at least 5 sales items, and evaluate the price elasticity of demand for each item
For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000
Burlington Northern is considering the elimination of a railroad grade crossing by constructing a dual-track overpass. The railroad subcontracts for maintenance of its crossing gates at $11,500 per year. Beginning 4 years from now.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd