Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Suppose that there are two countries, X and Y, that differ in their rates of investment andtheir population growth rates. In Country X, investment is 20% of GDP and the populationgrows at 0% per year. In Country Y, investment is 5% of GDP, and the population grows at 4%per year. The two countries have the same levels of productivity, A. In both countries, the rate ofdepreciation, δ, is 5%. Use the Solow model to calculate the ratio of their steady state levels of income per capita assuming that a = 1/3

 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91422653

Have any Question?


Related Questions in Microeconomics

Question apple computer wants to have 21 billion available

Question: Apple Computer wants to have $2.1 billion available 5 years from now in order to finance initial production of a device that applies IOT technology for home use. The company expects to set aside uniformly incre ...

Question describe the jobs of different types of

Question: Describe the jobs of different types of salespeople and list the characteristics of successful salespeople; Identify a characteristic that you personally need to develop to be a successful salesperson, should y ...

Task research and write a business report that addresses

Task: Research and Write a Business Report that Addresses the Question: ‘How Ethical are Major Internet Companies?' Methodology: Write a Business report with the following report headings and content: ‘Introduction' o Br ...

Question in september 1999 senator edward kennedy released

Question: In September 1999, Senator Edward Kennedy released a report saying the minimum wage should be raised to $15.28 per hour. The reason for such a big increase, according to Kennedy, was that no one should have to ...

Question 1 given the current state of the economy what

Question: 1. Given the current state of the economy, what should Fed. Do with monetary policy and why? 2. Compare the pros and cons of independent central bank? 3. Compare pros and cons of monetary rule and discretionary ...

Question 1 how many ratios of exchange would an individual

Question: 1. How many ratios of exchange would an individual have to cope with in a barter economy with 276 different items available for exchange? 2. How many absolute prices would there be if one of the items available ...

Question what is the lucas critique what are rational

Question: What is the Lucas critique? What are rational expectations and how do they relate to the Lucas critique? What does it suggest might be a problem with activist and discretionary policy? The response must be type ...

Question consumer surplus is used as a measure of a

Question: Consumer surplus is used as a measure of a consumer's net benefit from purchasing a good or service. Explain why consumer surplus is a measure of net benefit. The response must be typed, single spaced, must be ...

Question from 2000 to 2002 the sharp decline in capital

Question: From 2000 to 2002, the sharp decline in capital spending was almost completely matched by the sharp decline in government saving. (A) How do you think the overall economy would have responded? However, suppose ...

Question the discussion answers combined must be a minimum

Question: The discussion answers combined must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else. In chapter 5 Froeb discussed ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As