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Use the following information to answer the questions below:
(1) the rate of depreciation is 8% per year,
(2) the population growth rate is 1% per year, and
(3) the growth rate of technology is 2% per year.
a. Refer to the information above. Which of the following represents the steady state growth rate of output in this economy?
A) 1%.
B) 2%.
C) 3%.
D) 13%
b. Refer to the information above. Which of the following represents the steady state growth rate of output per worker in this economy?
One-tenth of the participants produce over one-third of the output. increasing the number of participants merely reduces the average output." if this statement were true, would it be consistent with the law of diminishing returns?
Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting
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?
Stlyes Inc. estimates that the total annual cost of producing shirts given equation TC = 5,000 + 4,100Q - 8Q2 + 0.004Q^3. If the market price is constant, what is the shutdown level of output?
1. Using the file in this homework folder (women_job.xlsx), estimate the logit: Job = f(Married, School, Age) in STATA. (Include your STATA work) a. Report the values of the coefficients and p-values for each independent variable.
What was the rate of inflation for the month? How does that rate of inflation compare with the rate in the previous month?
Consider a competitive market for which the quantities demanded and supplied (millions per year) at various prices are given as follows:
It has been argued that many of the problems with negative externalities - such as pollution, or the "tragedy of the commons" - could be better solved if there were clearly defined, protected and enforced property rights.
the CTU Professional Learning Model to teach with hands-on, industry-related, problem-solving experiences that model the professional environment and encourage achievements that lead to student and employer success.
There seems to be some difference of opinion between bankers and economists. Can you provide insight on this? You should be able to answer this question in two pages or less.
Assume the utility function is not the square root of income but instead, utility is linear in income.
Calculate what the rate of growth of the money supply needs to be in order for the aggregate price level to remain constant over the next five years in your economy.
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