Review 2124 Fall 15, Answers to Math Qs, for SAs refer to your notes
Sample Short Answer Questions:
5. Sample Solow Question:
Consider a Solow growth model with the following production function:
Y/L = 4(K/L)0.5
where Y/L is per capita output, K/L is capi
Chapter 2-3 Sample Questions (omit questions on calculating HDI and new HDI)
Assume the Big Mac costs $4.75 in Canada, and 32 Pesos in Mexico. If the exchange
rate is 12 pesos per Canadian dollar, calculate the Real Exchange Rate.
a.
b.
c.
d.
e.
1.
1.78.
10/13/2016
Poverty, Inequality,
and Development
This chapter is chapter 5 in the full edition of
the text so the graphs, tables etc are labelled
as 5.x.
Focus on lecture notes to study
Omit: functional distributions, calculating the
poverty headcount and