Question
According to the neoclassical growth model, which of the
following statements is false ?Solution
Neoclassical growth theory is an economic theory that outlines how a steady economic growth rate results from a combination of three driving forces—labor, capital, and technology. Saving and investment is not the driving factor in neoclassical growth model.
An indirect utility function
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
1. C = 50 + 0.5 Yd, I = 100 -50i, T=G=100
where, Yd is disposable income, T and G are taxes and government expenditure respectivel...
Calculate the predicted value of X when Y is 20
X: 16, 54, 35, 25, 44, 51
Y: 5, 17, 11, 8, 14, 5
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
The equation for a supply curve is P = 3Q – 8. What is the elasticity in moving from a price of 4 to a price of 7?
Effective revenue deficit is:
Hirschman takes divergent series of investment as a project that :
A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
Consider a fractional reserve banking system with a legally required reserve-deposit ratio of m. Suppose that an individual deposits ID dollars in one ...