(Solved):4) Solow Model Golden…

Question

Question 4 

4) Solow Model Golden Rule problem: A country's production function is Y = K²L!2_ the
labor force is fixed, and capital depreciates at the rate of 5 percent (8 = 0.05) each year.
Calculate the steady-state values of capital per worker (k), output per worker (y), and
consumption per worker (c) assuming the savings rate (o) is consistent with the Golden
Rule steady state.
k** =
y** =
c** =

4) Solow Model Golden Rule problem: A country's production function is Y = K²L!2_ the labor force is fixed, and capital depreciates at the rate of 5 percent (8 = 0.05) each year. Calculate the steady-state values of capital per worker (k), output per worker (y), and consumption per worker (c) assuming the savings rate (o) is consistent with the Golden Rule steady state. k** = y** = c** =

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(Solved):Producer surplus is the area..

Producer surplus is the area below the equilibrium market price and is above the supply curve. It is measured by the difference between what producers get and what is the minimum price at which they are willing to sell.

Deadweight loss of taxation refers to the overall economic loss that is caused by the imposition of a new tax on a product or service in the market. It leads to a decrease in production and the reduction in demand caused by the imposition of a tax. The deadweight loss is also termed as a lost opportunity cost.

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(Solved):Q: b. Covid 19 pand…

Question

b. Covid 19 pandemic has force the people in the economy Love & Laughter, to consume only 2 goods, food and clothing. The CPI is derived from the market basket of goods which consists of 25 units of food and 5 units of clothing.
FOOD Clothing
2018 price per unit $8 $20
2019 price per unit $12 $40
(i). What are the percentage increases in the price of food and in the price of clothing?
(ii). What is the percentage increase in the CPI?
(iii). Do these price changes affect all consumers to the same extent? Explain.

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(Solved):5) Solow Model Growi..

Question

question 5 

5) Solow Model Growing Population problem: A country's production function is Y =
K2L2, capital depreciates at the rate of 6% (8 = 0.06) each year, the population grows at
the rate of 2% (n = 0.02) each year, and the savings rate is 36% (o = 0.36). Solve for the
steady-state values of capital per worker (k), output per worker (y), and consumption per
worker (c):
%3D
1/2
%3D
k* =
y* =
c* :
%3D
If this economy has achieved its steady-state equilibrium with a labor force (L) of
workers in year 1, how much is the aggregate capital stock (K) and aggregate output (Y) in
year 1? Calculate the labor force, aggregate capital stock, and aggregate output in year 2.
Year 1: L= 80
K =
Y =
Year 2: L =
K =
Y% =

5) Solow Model Growing Population problem: A country's production function is Y = K2L2, capital depreciates at the rate of 6% (8 = 0.06) each year, the population grows at the rate of 2% (n = 0.02) each year, and the savings rate is 36% (o = 0.36). Solve for the steady-state values of capital per worker (k), output per worker (y), and consumption per worker (c): %3D 1/2 %3D k* = y* = c* : %3D If this economy has achieved its steady-state equilibrium with a labor force (L) of workers in year 1, how much is the aggregate capital stock (K) and aggregate output (Y) in year 1? Calculate the labor force, aggregate capital stock, and aggregate output in year 2. Year 1: L= 80 K = Y = Year 2: L = K = Y% =

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(Solved):Q: please answer th…

Question

please answer the following questions in the image below based on macroeconomics to your best ability 

The data below are from the economies of Ishgandar and Nonburmia.
Ishgandar
Nonburmia
GDP
Nominal
GDP
Nominal
Year
Population
Year
Population
Deflator
GDP
Deflator
GDP
1
5
100
$200
1
10
100
$300
2
5
125
$375
2
10
110
$440
a) Calculate each of the following for Year 2. Show your work.
i) Real GDP per capita for Ishgandar
ii) Real GDP per capita for Nonburmia

The data below are from the economies of Ishgandar and Nonburmia. Ishgandar Nonburmia GDP Nominal GDP Nominal Year Population Year Population Deflator GDP Deflator GDP 1 5 100 $200 1 10 100 $300 2 5 125 $375 2 10 110 $440 a) Calculate each of the following for Year 2. Show your work. i) Real GDP per capita for Ishgandar ii) Real GDP per capita for Nonburmia

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