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!
Q. Show the Destruction of capital?
Destruction of capital, for instance, through a war, works in the opposite way. Marginal product of labor falls, GDP per capita falls and population decreases. This will again result in an increase in the marginal product of labor and GDP per capita return to the 'survival rate'.
The core point of the model is that population growth would always eliminate the positive effects of technological development and GDP per capita will always return to survival level. This very ‘dismal' growth theory was prominent in the early 1800s and economics to this day is sometimes known as the ‘dismal science'.
Today we know that predictions of the model where incorrect. During rest of the 1800s Europe experienced a growth in GDP per capita. While the population growth was high, it was not nearly sufficient to eliminate the positive effects of technological development.
Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion. 1. Potentially, how much will real GDP increase in the short-run after the inc
A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good is S = 20 + 10P The demand curve is D = 400 – 5P In addition, each unit of
In a large open economy, if the economy has a fiscal expansion, what would happen in the solow model?
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Alba and Gavigan set up their site so families can choos
what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
why does the price level not enter desire consumption, investment and net exports of the desired aggregate expenditure function in the keynesian cross model
what are the causes of inflationary gap
Danny is an investment banker and has income I = 300. When prices are px = 10 and py = 20, Danny consumes the bundle (x; y) = (6; 12). 1. Illustrate Danny's budget constraint
Discuss the problems of measuring productivity in actual work situations. Also how productivity might be measured for each of the following industries? Finance and insurance (examp
How to prepare a a project on a new product in africa.
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