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1. Imagine that we have two countries with the same parameters (same A, B, s, d, and n). One of them is rich and the other is poor. Which one of the two will grow faster? Why? Will those two countries eventually catch up?
2. If s = 0.42, A = 4, B = 4, d= 0.44, h*= 60,000 and n = 0.2, the growth rate converges to some value as time goes to infinity. What is this value?
3. For these specific parameters, say that this country has a GDP (Y) value of $ 752 billion. What is the level of consumption?
4. What will be the GDP next year?
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Similarly, compute the after-tax rate of return for the owner, after taking the general inflation rate into account, assuming he sells the property 59 months
You must summarize the criminal conduct, identify offense by name and type (i.e., mass murder, a crime of violence, stranger to stranger), then discuss the following questions as outlined below. Discuss the crimes they committed, the reason(s) provid..
Why is the Marginal Rate of Substitution(MRS) equal to the Marginal Rate of Transformation(MRT) at the optimal consumption bundle?
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