c. How much producer surplus is generated?
Answer: Producer Surplus = ? ? ? = 4950 10 90 = 4,050
d. How much consumer surplus is generated?
Answer: ? =
e. What is the deadweight loss?
Answer: To get the deadweight loss we need Q where
Before doing the quiz, please download the following data from the UN Database
GDP per capita growth in 2008 (annual %)
GDP per capita in US dollars in 2009
Life expectancy at birth in 2005-2010 for both ge
1. In the classical growth model, growth takes place through which of the following cycles?
Higher consumption-> Higher aggregate demand > Rise in prices-> Increase in
Savings-> Investment -> In