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Question: Let's consider what the Kuznets curve looks like for an individual country. The data may not be easy to find, but look for Gini coefficient values, or as an alternative, the ratio of the income of the richest 20 percent of the population to the income of the poorest 20 percent as a proxy measure of inequality, for a number of years. The World Bank website has such data. Then plot the data you find against income per person for the same years on the vertical axis of a graph. Does it look like the Kuznets curve in Figure? If not, what does the curve you have found tell you about the relation between income inequality and growth in that country? Does the data you plot show a threshold level of income as in Figure?
(Global Crisis) In 2010 there was a risk that the state of Ireland was at risk of going broke because it had poured too much money into its insolvent banks.
Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than using accounting expense data. What is the difference between opportunity cost and accounting costs?
How would you expect Public Savings to behave over the business cycle (assuming no fiscal or monetary policy is implemented)? Explain.
What are the main reasons why countries trade and Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States?
Summarize the article in your own words. Indicate the relevant economic concepts from the class. Create 2 discussion questions related to the article.
Consider the market for minivans. For each of the events listed here, identify which of the determinants of demand or supply are affected. Also indicate whether demand or supply increases or decreases. Then draw a diagram to show the effect on the..
What are labor COSTS in MS project? How do we assign labor COSTS to a task in MS Project? Describe AND provide a screen shot of the steps.
If a firm is producing where its SMC = price and the LMC is less that LAC, then it would do better in the long run by a. increasing output with its existing plant until LMC equals price.
Suppose the Jamaica biscuit producing company, located in Kingston, has 100 ovens and the life of each oven is 5 years, and 20 ovens must be replaced each year. If demand for the biscuits is constant, how many ovens will be replaced each year?
Construct the statement of stockholders' equity for December 31, 2012. No common stock was issued during 2012. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share ..
Based on your understanding of the aggregate supply and demand model and the IS-LM model, graphically illustrate and explain what effect an increase in the money supply will have on the economy. In your graphs, clearly illustrate the short-run and..
Comparing which is the current quote has the Japanese dollar appreciated or depreciated.
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