Asst12f09

Asst12f09 - AGEC 217 Assignment 12 RWTaylor Due Friday Name...

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AGEC 217 Assignment 12 RWTaylor Due: Friday, 12/04/09 Name________________________________________________________ Seat No._________ Name________________________________________________________ Seat No._________ Name________________________________________________________ Seat No._________ I encourage you to do this assignment in a group of up to three. A simple economy with GDP made up of only Consumption and Investment has been stable for years with GDP of $14,151. Investment is at 5.3% of GDP, or $750. Investment is an increase in the stock of man-made goods and services used for production, and provides the basis for increased production in the future. For a long time an average of 1000 people have been dying of starvation annually because the economy is not producing enough to support them. As a Senator, you can influence policy for the proportion of GDP that goes into investment. Investment, at least in the short run, is competitive with consumption, yet is the basis for economic growth in the long run. Babies are easy to save. An increase in GDP of $10 annually
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This note was uploaded on 02/19/2011 for the course AGEC 217 taught by Professor Deboer during the Fall '08 term at Purdue.

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Asst12f09 - AGEC 217 Assignment 12 RWTaylor Due Friday Name...

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