"Assume an economy described by the following equations: Y=C+I+G, G = 1000, T = 1000, C = 500+ 0.3(Y-T) and 1=500+ 0.2Y 400i. The IS curve of this economy is given by" (A) Y=3400-800i B) Y=3000-400i Y = 3000 - 800i (D) None is correct
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- Next, consider an economy with these equations: C = 2060 + 0.85Yd, | = 1420, G = 1220 - 0.02Y, X = 1480, M = 1525, and T = -1198 + 0.17YAssume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B ? Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE ↑ ↑ ↑ A-> 0.6 0.2 0.1 B-> =M 0.1 0.4 0.1 E-> 0.1 0.1 0.4 How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E…I have worked on 1-3, but am stuck on 4-6, could you please assist? Suppose that the economy is summarized by the following: Technology (Production Function): Yt = 10 (Kt)0.3 (Lte)0.7 Consumption function: Ct = 0.8Yt Depreciation rate: 8% (i.e. δ= 0.08) Population growth: 2% (i.e. n = 0.02) Technological growth: 4% (i.e. g = 0.04) QUESTIONS: Find the steady state (long run) equilibrium values of kte, yet, and cet. Show graphically what would be the effect of a increase of the saving rate to s=0.4? Show graphically what would be the effect of an increase in population growth to 0.04? Assuming that in 2013 the US economy is in the steady state and L2013 = Le2013 = 8, what is the value of ke2014, ye2014, ce2014 , k2014, y2014, and c2014 ? Use your answer to e) to calculate the growth rate of ket, yet, cet , kt, yt, and ct Based on your answers to the previous questions and on your knowledge of how the Solow growth model works, explain what policies should a less-developed country…
- Table 8 Amounts of New Solar Power Installed in the United States Amount of New Solar Power Installed Year (megawatts) 2006 2007 105 160 2008 290 2009 435 2010 878 2011 1891 3300 2012 Source: GTM Research If the model is given by: y 2.73(1.80)*, what is the growth rate? O the growth rate is 273%. O The growth rate is 80%. O can not be determined from the equation. O The growth rate is 73% O The growth rate is 180%. 99+ aA country's growth rate (the percentage change in output) between 2000 and 2002 was 11%, and the growth rate between 2000 and 2001 was 7%, what was the country's growth rate between 2001 and 20027 Solve the problem by first formulating an equation(s). Please, enter the answer in (with two decimal points) and UPLOAD your work and final answer in the next question.12- :What is S if Y=200, AE=260, C=220 and I=40 in an imaginary economy? a) -60 B) 20 NS) 0 D) -20 TO) -40
- 2. Suppose we have the following data to study if a country's per capita income (measured in thousands of dollars) is a function of its R&D spending (measured as a percentage of GDP). ( country 1 2 3 4 xi yi 1 4 2 6 3 7 4 10 (1) Calculate beta hats with OLS. (2) Calculate R2 and adjusted R².The figure below graphs log GDP for periods t = 1, t = 2, t = 3, t = 4, and t = 5. log GDP log 115. log 110. log 108 log 105 log 100 2 3 4 5 time (a) Calculate the rate of growth of GDP between periods 2 and 3. (b) Calculate the slope of the red line in the figure. (c) What is the geometric average rate of growth of GDP between time 1 and time 5?Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?
- C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 -What will the percent rate of change in real GDP be from year 1 to year 2, from year 2 to year 3, and from year 3 to year 4. (round to the whole number for all calculations and final answers) -State how long it will take for real GDP to double in size.(a) Does the data on Cambodia's GDP per capita in the table correspond approximately to a linear function, an exponential function, or neither? Year 2010 2011 2012 2013 2014 2015 GDP/capita ($/person) 782.7 824.8 870.5 920.3 969.3 1020.9 The data approximately corresponds to Choose one ▼ (b) Find a formula to approximate G, the GDP per capita in dollars/person, as a function of time, t, in years since 2010. NOTE: Round your estimated coefficients to 3 decimal places. We have G(t) 2 (c) What is the approximate annual percent increase in per capita GDP? NOTE: Give your answer to 1 decimal place. GDP is increasing at approximately % per year.Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?
