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Author Archives: Anonymous

Getting information from a person to use in a news story wit…

Getting information from a person to use in a news story without identifying yourself as a reporter/journalism can be considered (choose all that apply):

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A summary lead can be three (3) sentences. 

A summary lead can be three (3) sentences. 

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Consider the Romer model. Y = (A LY)1-αKα with α=0.25, L=100…

Consider the Romer model. Y = (A LY)1-αKα with α=0.25, L=1000, LY=0.75L. =0.3 (0.25L)0.2A0.5 and = 0.4Y – 0.006K. In the steady state, the growth rate of labor is 1%.  What is the optimal share of researcher for this economy?

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Suppose the government decreases both spending and taxes by…

Suppose the government decreases both spending and taxes by $300 million each. What will be the change in equilibrium income?

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In Cobb-Douglas growth accounting, which measurement issue w…

In Cobb-Douglas growth accounting, which measurement issue would most likely bias measured TFP (Total Factor Productivity) growth upward?

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Consider a Solow model with constant return to scales Cobb-D…

Consider a Solow model with constant return to scales Cobb-Douglas production and the following parameters to answer the following question. Capital share (α) = 0.4 Savings rate (s) = 0.2 Depreciation rate (δ) = 0.05 Population growth (n) = 0.01 Technology growth (g) = 0.03 What is the steady-state value of capital-output ratio?

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Consider the Romer model. Y = (A LY)1-αKα with α=0.25, L=100…

Consider the Romer model. Y = (A LY)1-αKα with α=0.25, L=1000, LY=0.75L. =0.3 (0.25L)0.2A0.5 and = 0.4Y – 0.006K. In the steady state, the growth rate of labor is 1%.  What is the steady-state growth rate of technology process, ?

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What of the following could be the solution for At?

What of the following could be the solution for At?

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Using the Taylor Rule. Suppose the real equilibrium interest…

Using the Taylor Rule. Suppose the real equilibrium interest rate is 2%, actual inflation is -2%, target inflation is 2%, and the output gap is 0.5%. What is the nominal interest rate?

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Assume GDP is $2,400 billion, potential GDP is $2,600 billio…

Assume GDP is $2,400 billion, potential GDP is $2,600 billion, MPC = 0.75, and average income tax rate is 20%. By how much must government spending increase to close the output gap.

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