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‘‘If the government can increase the exigency of human capital accumulation, it could persistently raise the rate of economic growth in the endogenous growth model.'' True or false? Explain your answer.
What is the risk (standard deviation) that this investment manager has assumed in his calculation if it is known that returns are normally distributed with a mean of 5.6%?
PMF of the minimum of several random variables. On a given day. your golf score takes values from the range 101 to 110. with probability 0.1, independent of other days.
In the second quarter of 2006, household income was $13,134 billion, consumption was $9,162 billion, investment was $3,340 billion, and net exports were -$777 billion. What was the level of government spending in the second quarter of 2006
| 2009 | 2010 | Quantity of money | $400 | $408 | Velocity of money | 20 | 20 | Price level | $10.00 | $10.20 | Quantity of output | 800 | 800 | In 2009, the nominal GDP was $8,000, where as in 2010, nominal GDP is $8,160.
Suppose that the depreciation rate remains constant at δ = 0.08, while the saving rate is reduced by half, to s = 0.16. What is the new steady-state output per worker?
Find a pure strategy sub game perfect equilibrium, b, such that (p, b) is not sequentially rational for any system of beliefs p.
Assume that the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include ..
Given the following Demand and Supply functions answer questions a thru d. Qd=120-2P+5I Qs=-10+4P-3W where P=$3 is the price of the good. I=$100 per capital consumer income W= $50 wage rate a. Derive the demand and supply curves (qd and qs).
Does smoking affect the ease with which women become pregnant? (I do not recommend smoking as a birth-control device.)
If the city wishes to raise as much revenue as possible from the tolls, where will the city decide to charge a toll: in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion? Explain.
there are two people in a society. Person A is willing to pay $70 to have one unit of a public good produced and Person B is willing to pay $80 to have one unit of a public good produced and $70 to have two units produced.
If a random variable X is distributed chi square with n degrees of freedom then the expected value of X is n. Show that this is true.
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