AEM 2500 homework 9 2010 112210

AEM 2500 homework 9 2010 112210 - AEM 2500 Environmental...

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AEM 2500, Environmental and Resource Economics, Fall 2010 Homework #9: Renewable Resources and National Income Accounts (Distributed Nov. 22. Due in Red Box by 3:00 PM Dec. 7) (Note: this late due date was indicated on the course syllabus distributed the first day of class) Notes: 10 Points. Clearly label your graphs and identify your answers. If we can’t read it we can’t grade it. 1. 1) (25%) Adapted from Harris, pp. 174-175, Problem #1 (Hint: Read the Appendix to Chapter 8: Basic National Income Accounting, pp.179-183, and pp.163-167 in Chapter 8) The following are macroeconomic data for the developing nation of Equatoria (expressed in international $ values). The Equatorian economy is composed of three sectors: agriculture, mining, and industrial. Value of agricultural sector output $800 million Value of mining sector output $450 million Value of industrial sector output $700 million Gross Investment ( I g ) $550 million Depreciation of Manufactured Capital ( D m ) $150 million
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This note was uploaded on 12/20/2010 for the course AEM 25 at Cornell.

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AEM 2500 homework 9 2010 112210 - AEM 2500 Environmental...

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