Answers to Problem set 4
Consider the Solow model (chapter 5). Suppose that the productivity
parameter is A=900, the depreciation rate is d=1/10, the savings
(investment) rate is s=0.40, a
Econ201: Problem set 5
Question 1. Recall what counts toward GDP and what does not. Consider the following
events. JetBlue (a U.S. airline) purchases $25 million worth of airplanes from the
European company Airbus. By ho
Problem Set 5
As problem set 5, we have posted the midterm. Working through these questions
again will help you understand the material we have covered in class thus far.
Solutions for this problem set
Growth and Ideas
In this chapter, we learn Romers model
of economic growth.
The engine of the Solow model was capital.
In Romers model it is knowledge.
We learn that the production of
knowledge (technological progress) is
the key to s
Americas Best Days May Be Behind It - The New York Times
1/20/16, 1:56 PM
Americas Best Days May Be Behind It
ECONOMIC SCENE JAN. 19, 2016
Take a look back at some of the most popular TV programs of the mid-196
Econ 201 - Macroeconomic Analysis
Problem set 6
1) From the book Chapter 6 (Growth and Ideas) - Exercise 6.
Suppose the parameters of the Romer model take the following values:
Answers to Problem set 3
Question 1. In the middle of the 14th century, an epidemic known as the Black
Death killed about one third of Europe's population, about 34 million people.
Using the production m
1] Auditors are required to assess the risk of material misstatement due to
al Illegal acts
c Business risks
2] Which of this is not an assertion relating to the income statement?
Problem set 7 Labor Markets
Question 1. Consider the following labor market
Labor demand: ! = !
Labor supply: ! = ! + 2
where w is the wage, L is the number of workers, aD and aS are constants
a) Suppose that aD=100,000 a