Homework Answers
answer a ::- the minimum income for the doris should be less than 3000 because as we can see from the question that in country b income equality is 1000 and in country b as we can see that income of alfred is 4000 so to make sure that income within country inequality is stronger tthan across country income equality we need to make sure that income of doris is less than 3000
answer b :- to answer b the income of doris should be more than 3000 for the reasons explained above .
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QUESTION 1: (5 marks) Suppose that the entire population of the world consists of 4 people...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1?...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1? How fast would a country have to be growing in order to double its output in nine years? You should aswer this question using the rule of 72, not a calculator. 3. Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1?...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1? 2. How fast would a country have to be growing in order to double its output in nine years? You should answer this question using the rule of 72, not calculator 3. Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries,...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries, A and B, that trade with each other The countries use a common currency, so nominal variables are comparable across countries. The total production of these countries is summarized in the following tables Country A Apples Country B Apples Oranges Peaches year year uant ice quant rice uant ice quant ice 2014 1.000 $0.90500$2.00 2015 1.200 $1.00550$2.00 2014 2,000 $0.90500 $3.00 2015 1,900 $1.00 600...
3 of 5 This Question: 1 pt Consider how incomes are distributed within economies and across...
3 of 5 This Question: 1 pt Consider how incomes are distributed within economies and across the world. Choose the statement that is correct. 0 A. Between 1976 and 1998, the number of people in the world who earn $1 a day or less increased by 235 million. O B. Income inequality across the entire world has decreased during the past 20 years, and extreme poverty has declined. O C. Average income per person per day in the United States...
2. Consider the Solow growth model. Suppose that the production function is constant returns to scale...
2. Consider the Solow growth model. Suppose that the production function is constant returns to scale and it is explicitly given by: Y = K L l-a a. What is the level of output per capita, y, where y = Y/L? b. Individuals in this economy save s fraction of their income. If there is population growth, denoted by n, and capital depreciates at the rate of d over time, write down an equation for the evolution of capital per...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1 The World Bank World Development ihdicators 2 2015 Statistics Philippines 3 Gross National Income per Capita $3,520.00 4 Agricultural land (% of Land Area) 42% Current health expenditure (% of 5 GDP) Current health expenditure per capita $126.90 6 (current USS) Educational attainment, at least Bachelor's or equivalent, population n/a 7 25+, total (%) (cumulative) 7% 115 9% 11% 5% $53.60 $4,591.80 $530.10 $3,732.60...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which of the following statements is (are) true? Table 1 Unit Labour Requirements T-shirt Brandy 4 hours 12 hours 6 hours 12 hours United States France A) The pretrade price ratio in France is 1 brandy - 2 T-shirts. B) The US pretrade price ratio is 1 brandy - 4 T-shirts. C) The US pretrade price ratio is 1 T-shirt = 1/3 brandy. D) The...
Revisiting Ricardo's Example Ricardo (1817) posited a world of two countries, England and Portuga...
Revisiting Ricardo's Example Ricardo (1817) posited a world of two countries, England and Portugal, whiclh can make each of two goods, cloth and wine. What he assumed about how many workers it takes to make a unit of each good in each country appears in Table 1 Since the workers required to make one unit of a good are the same no matter hov many units are produced, Ricardo was assuming constant returns to scale Ricardo argued that trade could...
Question 1 (1 point) The Global English Language Job Market is Changing: What This Means for...
Question 1 (1 point) The Global English Language Job Market is Changing: What This Means for ESL Teachers By Christie Van Tol University of Toronto TEFL Online https://medium.con accelerated/the-global-english-language-job-market-is-changing-what-this-means-for-esi-teachers-92c8d87cf8eb As the fastest-spreading language in human history, over the past several decades, English has come of age as the world's most common language. Today, English is spoken by 1.75 billion people-that's a quarter of the world's population. And this number is only set to grow. By 2020, the British Council forecasts...
Question 1 The way people grow and change across the lifespan is referred to as ____....
Question 1 The way people grow and change across the lifespan is referred to as ____. development evolution change growth 1 points Question 2 What is the total pattern of a group’s customs, beliefs, art, and technology? clan society culture beliefs 1 points Question 3 Which of the following most contributed to the large increase in world population that occurred around the 1800s to 1900s? Families increased the average number of children per household from one to three children. Less...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1? How fast would a country have to be growing in order to double its output in nine years? You should aswer this question using the rule of 72, not a calculator. 3. Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP...
PROBLEMS 1. How would using a ratio scale (rather than a linear scale) affect Figure 1.1? 2. How fast would a country have to be growing in order to double its output in nine years? You should answer this question using the rule of 72, not calculator 3. Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries, A and B, that trade with each other The countries use a common currency, so nominal variables are comparable across countries. The total production of these countries is summarized in the following tables Country A Apples Country B Apples Oranges Peaches year year uant ice quant rice uant ice quant ice 2014 1.000 $0.90500$2.00 2015 1.200 $1.00550$2.00 2014 2,000 $0.90500 $3.00 2015 1,900 $1.00 600...
3 of 5 This Question: 1 pt Consider how incomes are distributed within economies and across the world. Choose the statement that is correct. 0 A. Between 1976 and 1998, the number of people in the world who earn $1 a day or less increased by 235 million. O B. Income inequality across the entire world has decreased during the past 20 years, and extreme poverty has declined. O C. Average income per person per day in the United States...
2. Consider the Solow growth model. Suppose that the production function is constant returns to scale and it is explicitly given by: Y = K L l-a a. What is the level of output per capita, y, where y = Y/L? b. Individuals in this economy save s fraction of their income. If there is population growth, denoted by n, and capital depreciates at the rate of d over time, write down an equation for the evolution of capital per...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1 The World Bank World Development ihdicators 2 2015 Statistics Philippines 3 Gross National Income per Capita $3,520.00 4 Agricultural land (% of Land Area) 42% Current health expenditure (% of 5 GDP) Current health expenditure per capita $126.90 6 (current USS) Educational attainment, at least Bachelor's or equivalent, population n/a 7 25+, total (%) (cumulative) 7% 115 9% 11% 5% $53.60 $4,591.80 $530.10 $3,732.60...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which of the following statements is (are) true? Table 1 Unit Labour Requirements T-shirt Brandy 4 hours 12 hours 6 hours 12 hours United States France A) The pretrade price ratio in France is 1 brandy - 2 T-shirts. B) The US pretrade price ratio is 1 brandy - 4 T-shirts. C) The US pretrade price ratio is 1 T-shirt = 1/3 brandy. D) The...
Revisiting Ricardo's Example Ricardo (1817) posited a world of two countries, England and Portugal, whiclh can make each of two goods, cloth and wine. What he assumed about how many workers it takes to make a unit of each good in each country appears in Table 1 Since the workers required to make one unit of a good are the same no matter hov many units are produced, Ricardo was assuming constant returns to scale Ricardo argued that trade could...
Question 1 (1 point) The Global English Language Job Market is Changing: What This Means for ESL Teachers By Christie Van Tol University of Toronto TEFL Online https://medium.con accelerated/the-global-english-language-job-market-is-changing-what-this-means-for-esi-teachers-92c8d87cf8eb As the fastest-spreading language in human history, over the past several decades, English has come of age as the world's most common language. Today, English is spoken by 1.75 billion people-that's a quarter of the world's population. And this number is only set to grow. By 2020, the British Council forecasts...
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