What would be the estimated value for the average increase

Assignment Help Macroeconomics
Reference no: EM13335651

You regress income (Y) on years of education (X) and get the following result:

Y = 20000 + 4000X. What would be the estimated value for the average increase in income from going to college for four years versus going to work directly out of high school?

Reference no: EM13335651

Questions Cloud

Find how much cash will have accumulated by age 65 : if an individual places $4000 per year into a Roth individual retirement account beginning at age of 35, how much cash will have accumulated by age 65 if 8% interest is earned each year
Two major world legal system : To get started on your investigation into the international business community in conjunction with the various legal ramifications and laws, identify the two primary categories of law: the common and civil law systems. Focusing on the common and civi..
What is the annual income provided at interest rate : If a person has $500,000 in cash values available at the age of 65 and has option of receiving an income annuity for 20 years, what is the annual income provided if a 3% interest rate is used
Explain oxygen o2 measured at stp : In the following reaction, what mass of mercury(II) oxide, HgO, would be required to produce 473 L of oxygen, O2, measured at STP
What would be the estimated value for the average increase : Y = 20000 + 4000X. What would be the estimated value for the average increase in income from going to college for four years versus going to work directly out of high school?
How much cash will have accumulated by age 65 : If an invdividual places $5000 per year into an individual retirement account beginning at age 25, how much cash will have accumulated by age 65 if 9% interest is earned each year
Discuss the impact of good and poor communication : Discuss the impact of good and poor communication on the organisation?
Explain how many moles of gas are in the sample : If an ideal gas has a pressure of 8.79 atm, a temperature of 19.18 °C, and has a volume of 19.91 L, how many moles of gas are in the sample
Determine what will the cash flows for the project be : Variable costs amount to $205 per unit and fixed costs are $100,000 per year. The project requires an initial investment of $153,000 in assets, which will be depreciated straight-line to zero over the 3-year project life.

Reviews

Write a Review

Macroeconomics Questions & Answers

  How does affect his budget constraint

Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure

  Illustrate what market did microsoft have a monopoly

Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.

  Analyzing impact of fiscal policies on economy

Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.

  Question about demand and supply

The Baby Boomer generation is aging and will require more health care support over the next some years. Tens of thousands of nurses and primary care physicians will be required to meet this demand.

  Illustrate what factors have contributed to increased income

Illustrate what factors have contributed to increased income inequality an economy along with an equitable income distribution may be efficient as well.

  Describe the implications of this economic forecast

Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.

  A nation has a lower inflation rate than all growth

A nation has a lower inflation rate than all growth. What can be said about each of the following.

  How does the assignment of property right affect the outcome

Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..

  How is the investment function related to slope of the is

Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..

  Finding change in lump sum taxes to boost real gdp

Suppose that the economy is short of its full-employment (potential) level of GDP, assumed to be $14,000 billion, by $500 billion.

  What are the differences among horizontal-vertical

Elucidate what are the differences among horizontal, vertical, and conglomerate mergers. Is one type preferable from the view of anti-trust policy.

  Declining balance depreciation method

Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd