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Derive the IS relation for this closed economy:
C = 200 + 0.25YD
I = 200 + 0.25Y – 1000i
G = 400
T = 200
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- To the nearest 0.01, what is the present value of each of the following income streams (expressed in unitsof consumption goods), when the real interest rate is r =5%, and when the real interest rate is r =1%?c) m1 =−100, mt =100 for all t =2,...,∞If Net Investment = 0 in a given year, this indicates that we have neither lost nor gained capital. That seems to be a desirable outcome. Do you agree?Farmland is a developing country with the following production function:Y = 24L2/3K1/3with Y = Output levelL = Quantity of laborK = Quantity of machinesa. Find the real rate of return for labor. Show your calculation. b. Suppose Farmland is granted some extra machines for production.How would this affect the real rate of return for labor? Explain by using theresult in (a).
- Define the concept of rate of return on investment?Consider a closed economy in which the population grows at the rate of 1% per year. The per-worker production function is yt = 2.2kt^0.5, where y is output per worker and k is capital per worker. The depreciation rate of capital is 10% per year a- Households initially consume 80% of income and save the remaining 20% of income. There is no government spending. What are the steady-state values of capital per worker, output per worker, consumption per worker, and investment per worker? b-Suppose saving rate decreases to 10% permanently. What are the steady-state values of capital per worker, output per worker, consumption per worker, and investment per worker?Suppose that in the country of Economia: Net Investment = $20 billion, Depreciation = $70b, Net Exports = $30b, Taxes = $90b, Government Expenditure = $60b, Imports = $70b, Consumption = $120b. What does GDP equal in Economia? Select one: a. $300 billion b. $270 billion c. $250 billion d. $230 billion e. $210 billion
- C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 -What will the percent rate of change in real GDP be from year 1 to year 2, from year 2 to year 3, and from year 3 to year 4. (round to the whole number for all calculations and final answers) -State how long it will take for real GDP to double in size.Define the term Net Investment?Read carefully need full warranty SOLUTIONs dont copying paste no need generalized answer. Summary examples key points all heading and explaination need etc. Abstract: Under Economic Growth mean constantly increasing volume of production in a country, or an increase in gross domestic product as the main quantitative indicators of production for a period of one year. Economic development is not only quantitative changes when it comes to the economic position of the country, but also qualitative changes (changing the economic structure, the emergence of new sectors and industries, new jobs, etc..). They lead to a better and more complete satisfaction of all human needs. Production per capita is a measure of the ability of a society to achieve their goals of social and economic development, all in order to meet the constantly growing social needs. The increase in output per capita in economic theory is expressed as economic growth, without which no economic development, but does not have…
- Explain all will rate 1) Suppose that people in the economy don't equally share ownership of the capital and that individual capital owners either lost all of their capital or none. As a result of the capital destruction, does the rental income for people who still own capital increase, decrease, or stay the same? a) Increase b) Decrease c)Stay the same 2) As a result of the capital destruction, does the labor income for workers increase, decrease, or stay the same? a) Increase b) Decrease c)Stay the same 3) As a result of the capital destruction, does share of national income paid to labor increase, decrease, or stay the same? a) Increase b)Decrease c)Stay the sameWhich of the following should NOT be considered as partof fixed investment?1. Toyota buys a new robot for its automobile assembly line.2. Apple computer builds a new factory.3. Exxon increases its holding of bonds and stocks infinancial markets.4. An accountant buys a newly built home for herself and her family.5. None of the above.Ecuador's economy has a production function that is as follows: Y = K2/5L3/5 The men in Ecuador generally stay home performing household chores while women work. Since the Ecuadorian state television stopped airing soap operas, many men decided to join the workforce and thus the labor force increased by 6.5%. However, recent storms have destroyed much of the capital stock of the country and thus the capital stock shrank by 2.5%. A. Assuming there is no change in total factor productivity in Ecuador, how would the output of Ecuador's economy change? B. How would labor productivity (output per worker) be affected by the increase in labor and decrease in capital stock? Explain. C. Assuming instead that Ecuador's economy grew by 4.9%, what would be the change in total factor productivity in the economy?