= 42. Suppose the parameters of the Romer model take the following values: A, 10, 7= 0.01, ₺= 1/500, and Ñ= 10,000. What is the per capita income of this country in the tenth period, y10? a. about 6.13 b. about 61.3 c. about 12.0
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- Question 2 Calculate new HDI for Egypt using the given actual values from Egypt: Actual life expectancy at birth: 73.5 Mean years of schooling: 6.4 Expected years of schooling: 12.1 GNI per capita: 5,401 How would you classify Egypt based on the NHDI you found? Click on reveal once you are done calculating NHDI (0.662) Full explain this question and text typing work only thanksExercise 2: Growth and developmentCountries 1 and 2 have the production function: Yt = AiKαt L1−αt , where country 1 hasTotal Factor Productivity (TFP) of A1 = 25, country 2 has TFP A2 = 100, and α = 0.35for both. In the two countries population is constant and there is no technological progress.Every year capital depreciates by 6% in both countries. Country 1 saves 40% of output, andcountry 2 saves 20%.a) Write down the function of production per unit of labor. Suppose the two countriesstart with an initial capital stock (per unit of labor) of 500, what are the initial income andconsumption per unit of labor in both countries?b) Determine their steady state levels of capital, income and consumption per unit oflabor.c) Determine the difference in their steady state level of income per unit of labor, andhow much of that difference is due to differences in TFP and how much is due to differencesin capital per unit of labor.d) Suppose now that country 2 suddenly has access to the country 1…The world was growing at a constant growth of 0.00007% rate between 100,000 BC and 1750AD. If birth rates per thousand averaged 35 during this period , what was the average death rate in equilibrium. (approximately) A. 31 B. 40 C. 35 D. 30
- UESTION 5 Suppose the parameters of the Romer model take the following values: A=10, 7 =0.01, 7=1/500, and L= 100,000. what is the growth rate of this country's economy? OA. 0.2 percent O B.2 percent OC. 200 percent O D.20 percent LC 100ml U R - Eter G H D Look B N M rol Alt Al Contral Ann2. 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.Final output in the economy is pro- duced using capital K and labor L. The production function is: Y = ĀK/ L^/5 Assume that the supply of all inputs are exogenous and equal to L and K. Perfectly compet- itive firms are price-takers and choose how much capital and labor to demand by maximizing profits. Let w and r denote the wage and rental rate of one unit of labor and capital respec- tively.
- Suppose in our model, lifespans increased due to a productivity in- crease. What would likely happen to hours worked and leisure over the lifetime of a representative consumer. (a) Let’s consider one of two common ways of implementing this change. Suppose the increase raised both lifespans and the amount of years consumers are healthy enough to work by the same amount, how would that likely affect the measured numbered of hours work by prime aged adults within a given year? What would likely hap- pen to the retirement age? (b) Let’s consider the other way to implement it. Suppose the change in lifetimes came about changes in technology that delayed death but did not extend the amount of years consumers are healthy enough to work. What would likely happen to hours worked within a year? What would happen to the retirement age? (c) In the US, the generalized stylized fact is that the actual age of retirement is not increasing. Nor are hours worked per week. Why are both of the…Q6. Explain and compare Pakistan’s HDI score with regional countries. Answer this question with respect to the data mentioned below HDI value HDI rank Life expectancy at birth Expected years of schooling Mean years of schooling GNI per capita (2017 PPP US$) Pakistan 0.557 154 67.3 8.3 5.2 5,005 Bangladesh 0.632 133 72.6 11.6 6.2 4,976 India 0.645 131 69.7 12.2 6.5 6,681 South Asia 0.641 — 69.9 11.7 6.5 6,532 Medium HDI 0.631 — 69.3 11.5 6.3 6,153Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table. Year 2019 2020 2021 2022 2023 2024 Total Population 50,000 53,000 57,000 65,000 70,000 ? Total Employment 25,000 26,500 28,500 32,500 35,000 ? Basic Employment 6,250 6,625 7,125 8,125 8,750 9,000* Nonbasic Employment 18,750 19,875 21,375 24,375 26, 250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2024 using an economic base analysis. The ratio of population to total employment is 2.0833. Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year…
- Question 1 a). Draw areal symbols (circles) to represent the GNP per capital. Draw these relevent places on the world map provided. Remember to choose your scale according to the size of the paper.1. Romer Model ΔΑ++1 Yt = At Lyt = ZAt Lat ī IL Lyt + Lat Lat = = Suppose A0 = 100, 7 = 0.4, z = 1/10000 and Ī = 1000, (a) What is the growth rate of knowledge in this economy? (b) What is the growth rate of per capita output? (c) If the percentage of the population engaged in ideas formation, ī decreases, what are the short- and long-term impacts of this shift? Illustrate using graph.(a) Does the data on Cambodia's GDP per capita in the table correspond approximately to a linear function, an exponential function, or neither? Year 2010 2011 2012 2013 2014 2015 GDP/capita ($/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.
