Question
The population of a city is decreased by 14% in the
first year and then increased by 25% in the second year. Find the population of the city at the end of the second year, if two years ago the population was 16,000.Solution
Required population = 16000 × 0.86 × 1.25 = 17200
The following utility function represents what kind of preferences U(x,y) = x2 + y + 2xy0.5
Fisher’s cash transaction equation is expressed asÂ
In the Lewis model, what will cause an expansion in modern sector employment?
The 'Basel III' framework, monitored by the BIS, is primarily concerned with:
In an economy, S=-100+0.6Y is the saving function. If investment expenditure is 1100. Calculate consumption expenditure at equilibrium level of national...
Which scenario best describes the 'trilemma' or 'impossible trinity' in the context of the Mundell-Fleming Model?
Suppose there is a pond with fishes and “n” number of fishermen living around it. Let a i is time spent fishing per day by player i. Thus to...
A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at this output it would make a loss. Under what circumst...
In the Solow model, what is the effect of an increase in the saving rate on the long-term growth rate of an economy?
Calculate Domestic Income:
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