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1. Aggregate output is produced with , population of workers grows according to , capital stock evolves according to , and saving rate is s.
a. Derive the law of motion of capital per worker.
b. Draw the graph of the law of motion of capital per worker, and indicate the steady state.
We have three variables, Information is 2000-2005. I use OLS to Determine the model and get a standard result.
Estimating equation through a correcting factor to correct heteroskedasticity may cause extra correlation to enter the model, which increase the R^2.
Economic growth, as examined through raise in real GDP per capita, is a target for most countries. This is often interpreted as an raise in economic welfare for citizens.
When a recession is over, do people start to immediately feel affects of an efficient economy? Use the experience of most recent recession to justify your answer.
When the more current observations are more relevant to estimate of next period than previous observations, the naive forecasting method to employ is
Walt Disney World Theme Parks offer tourists a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fees and permit consumers to take as several rides as they wish at no additional cha..
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Design a simple econometric research project
Clean Supreme is a corporation that produces and sells powdered laundry detergent in the U.S. The company has estimated the following regression equation for the demand of its Brand Z detergent:
A multiple regression analysis based on a information set that consists of thrity observations yielded the following estimated demand equation:
Answer the following questions using the above data. Compute autonomous aggregate demand and compute the short-run output.
Determine the effect of mandated health insurance profits be on the labor if the employees do not place any value on the benefits? What if they do place value on the profits?
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