Macroeconomics (7th Edition)
Macroeconomics (7th Edition)
7th Edition
ISBN: 9780134738314
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 10, Problem 10.2.15PA
To determine

The role of saving in the economic growth.

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Briefly explain whether each of the following statements is true or false. 6. The AK model of economic growth predicts conditional convergence among countries.
1. If the United States allows a greater quantity of highly skilled immigrants, what will be the impact on the average wages of highly skilled employees? Briefly explain.   2. If all countries eliminated all legal barriers to immigration, do you believe that global economic growth would increase? Why or why not?
Suppose that our potato economy decided to reduce consumption and increase investment. How would this change affect economic growth?  Illustrate your answer with a graph. In what sense is real GDP per capita a measure of standard living?
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