{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

QUIZ 4 - ECO 407 Macroeconomic Theory Name QUIZ 4 Part I[45...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECO 407 Macroeconomic Theory Name:__________________ QUIZ 4 Part I [45 points] 1. How does the national income identity show up in our production model? _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ ____________________________________________________________________________________________ 2. Consider the following production function 0.25 0.75 YA KL = . What is the level of output per person? According to your derivation what makes a country rich or poor? _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ ____________________________________________________________________________________________
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

QUIZ 4 - ECO 407 Macroeconomic Theory Name QUIZ 4 Part I[45...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online