This preview shows page 1. Sign up to view the full content.
Unformatted text preview: able to make their case. Question 2 Economic growth is possible through capital accumulation, and if we are able to attain higher and better production function (PF). Show how there can be growth in GDP even when there is no change in the amount of hours worked per year. Please draw a single graph to answer this question. Question 3 Some in the US are opposed to immigration reforms, on the basis that illegal immigrants, among other things, cause average wages earned by an American worker to fall. Others argue that these people play an important role, and that in fact, our economic growth depends on them. Provide an in depth explanation why both groups are right in saying what they say. Remember to draw well labeled graphs to support the two sides your response above....
View Full Document
This note was uploaded on 04/15/2011 for the course ECON 1101 taught by Professor Rappoport during the Fall '08 term at Temple.
- Fall '08