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Suppose that the current (first) generation consists of 1 million people, half of whom are women. If the total fertility rate is 1.3 and the only way people die is of old age, how big will the fourth generation (the great-grandchildren) be?
Explain how much smaller (in percentage terms) is each generation than the previous generation? percent
Instructions: round your answer below to one decimal place.
How much smaller (in percentage terms) is the fourth generation than the first generation? percent
Illustrate what are the real income also interest rate elasticities of real cash balances
Assume that at this time in the nation of Economic when families split up there are no required child support payments.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
Explain how many will be hired Daily Demand for Workers in a Purely Competitive Labor also Product Markets.
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
The Federal Reserve Board is considerining changing its target inflation rate. However, they are concerned about the immediate effect on inflation. Find the sensitivity of equilibrium inflation to a change in the Fed's target inflation rate in the..
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
A purely competitive wheat farmer can sell any wheat he grows for $30 every bushel. His five acres of land
Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Identify those who gave us the concepts of monopsony and human capital.
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