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What are the indicators of development?
Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator.
• Professor Dudley Seers argues development is regarding outcomes that are development occurs along with the reduction and exclusion of poverty, inequality and unemployment into a growing economy.
• Professor Michael Todaro is related with outcomes and sees three goals of development:
a. Producing more life sustaining requirements as like food shelter and health care and broadening their distribution
b. Increase SoL and individual self esteem
c. Increasing economic and social choice and decreasing fear.
Quantity Equation-Has this theory worked? Why or why not?
Consider the impact of an increase in thriftiness in the Keynesian-cross analysis. Assume that the marginal propensity to consume is unchanged, but the intercept of the consumption
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
Consider the utility function u(x1, x2) = x1x2. (a) Graph the indifference curves for utility levels 1 and 2. (They are symmetric hyperbolas Asymptotic to both axes). (b) Graph the
Could you please tell me an example and describe example of macroeconomics?
"International bodies such as the aced argue that more unequal income and wealth distribution erode social cohesion and increase the scope for internal conflict."
C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2000 Ip=1500-20r G=2200 NX=500-.06Y a. Compute the multiplier b. Derive the equation for Ap c. Derive the equatio
Deposit K4000, liquid asset k1000, loans K4000. what is current liquid asset?
If the AD excess is $300 billion and the MPC is 0.8 how much fiscal restraint is required? What does the "debt held by the public" mean?
what is Y = C(Y,T) + G + I(r)
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