Question
According to the Romer model, if the stock of ideas
increases by 15 %, how much will output per worker increase when all else is equal?Solution
formula for basic production function, according to Romer is as: Yi = AKiα Li1-α K-ß Now other things is equal, one unit change in A (idea/technology) will increase the output by 1 [dy/dA = 1]. Hence output will increase by 15% if the stock of idea increses by 15%.
What will come in place of the question mark (?) in the following number series?
180, 184, 168, 204, ?, 240
81 72 136 111 ? 278
...What will come in place of the question mark (?) in the following series?
111, 109, 115, ?, 211, -509
1221,     1100,     1000,     919,       ?
...Complete the series choosing the missing number.
110, 99, 86, ___, 54, 35.
6    11    32    111    ?   2345   14100
...What value should come in the place of (?) in the following number series?
178, ?, 692, 861, 982, 1063What will come in place of (?) question mark in the given number series.
16, 24, 51, 115, 240, ?
116, 118, 124, 136, 156, ?
1 12 31 58 93 ?
