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If America has real GDP per capita of $40,000, and if a Mexico has real GDP per capita of $20,000. Next if that the growth of real GDP per capita falls to zero percent in America and rises to 2 percent in Mexico. If these rates continue for long periods of time, how many years will it take for Mexico to catch up to the living standard of America?
Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
During our last recession, many employers opted to freeze wages, lower wages, and decrease their current labor force; therefore, does this align with Keynesian Theory? Is Keynesian Theory only applicable in the short-run as opposed to the long run? P..
An investment project has expected or average annual cash flows of$50,000 with a standard deviation of $20,000. The distribution of annual net cash flow is approximately normal. Determine the probability that the annual net cash flows will be less th..
Elucidate the marginal cost of a string. Compute marginal revenue and marginal cost for each quantity.
How many people can be catagorized as frictionally unemployed? How many people can be categorized as structurally unemployed? How many people are not in the labor force? What is the unemployment rate? What is the natural rate of unemployment?
Generate 3 student name, gender, gpa and grade vectors. You could use names such as "Henry Grant", "Amy Becker", "Bessie Kim"; use gender.
Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.
In Solow’s growth model, illustrate using a diagram what will happen if population growth rate is reduced? What will happen to GDP? GDP per capita? Will GDP per capita grow at steady state? How does the extended Solow’s model help explain GDP per cap..
It's a specialized market, so we'll just have to assume we have enough buyers and sellers to have our demand and supply curves be straight, smooth lines. The following information applies to the market before any tax is applied: Calculate the per-uni..
What is the university's cost of capital? Note that only the interest on the endowment is available to fund capital projects.
In a perfectly competitive factor market, a firm faces a(n):
An annual subscription service for solid modeling software, which covers technical support and upgrades, is $1595 per year. If the software needs to be supported for each of 4 years starting 2 years after purchase, calculate the 5-year equivalent uni..
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