Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
GDP GAP AND EXPENDITURE GAP The St. Louis Federal Reserve Bank at www.research.stlouisfed.org/fred2 provides data on both real GDP (chained 2000 dollars) and real potential GDP for the United States. To get to the data, first click on Gross Domestic Product (GDP) and Components. Then click on GDP/GNP. What was potential GDP for the third quarter of 2001? What was the actual level of real GDP for that quarter? What was the size difference between the two-the negative GDP gap? If the multiplier was 2 in that period, what was the size of the economy's recessionary expenditure gap?
Can the Solow growth model account for the persistence in income inequality across countries due to persistent difference in population growth rates? Explain and discuss.
What is the difference between a residual and a pollutant? Illustrate this in the context of a common airborne emission such as sulfur dioxide (SO2); with noise; with junked automobiles; with an unsightly building.
Suppose that the government taxes (at the new set of prices P'x = 1, P'y = 2 ) the consumer an extra 1/2 dollar for each unit of x he buys beyond 70 units. That is no tax for x =70.
Perform a t test on the slope coefficient and the intercept of the educational attainment function fitted using your EAEF data set, and state your conclusions.
Why might the British government's critics have thought it possible to lower interest rates after taking sterling out of the ERM? (Britain was in a deep recession at the time the article appeared.)
Show that if the economy starts with less capital than its steady-state level, it will immediately jump to the steady state by borrowing internationally. How will the economy repay this debt?
Jack's hourly wage is $60 and themarginal value of his time in the household is $25 per hour.Jill's hourly wage is $50 and the marginal value of her timein the household is $20 per hour. Who will specialize in the household and who will specialize..
Tammie makes $150 a day as a bank clerk. She takes off two days of work without pay to fly to another city to attend the concert of her favorite music group. The cost of transportation for the trip is $250. The cost of the concert ticket is $50.
Janequit her job at IBM where she earned $50,000 a year. Shecashed in $50,000 in corporate bonds that earned 10% interestannually to buy a mini-bus. Jane has decided to buy themini-bus and set up a commuter service between Lincoln and Omaha.
About 60 percent of the funds was directed at reducing the supply of drugs through domestic law enforcement and interdiction. Some critics of this approach argue that supply-side approaches to reduce the drug supply actually help drug producers.
Under what circumstances does the potential for migration raise the speed of convergence in the Solow-Swan model? What about in the Ramsey model? What are the sources of the effects on convergence?
Determine the equilibrium price and quantity. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd