1 pritchett and summers argue that income per capita is, Ask an Expert

Economics

1. Pritchett and Summers argue that income per capita is strongly and positively related to health status when viewed across the world. The following table presents data from the year 2000.

Plot a graph of GDP per capita against life expectancy for the countries shown. Does your plot con?rm the Pritchett and Summers ?nding?

2231_Plot a graph of GDP per capita.png

2. Suppose a ?rm has the following production technology for goods 1 and 2:

311_Plot a graph of GDP per capita1.png

(a) Does Good 1 indicate economies of scale? Why?
(b) Does Good 2 indicate economies of scale? Why?
(c) Do the two goods indicate economies of scope? Why?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9745502

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