Suppose that the government makes a one-time investment in new public school buildings, which results in...
Suppose that the government makes a one-time investment in new public school buildings, which results in a one-time reduction in consumption. The new public school buildings increase the efficiency with which human capital is accumulated. Determine the effects of this on the paths of aggregate consumption and aggregate output over time. Is it clear that this investment in new schools is a good idea? Explain.
Homework Answers
according to endogenous growth theories investment on human capital has increasing returns to scale in the long run. so in this case the the government makes a one-time investment in new public school buildings, which results in a one-time reduction in consumption but the The new public school buildings increase the efficiency with which human capital is accumulated. so the increased efficiency of human capital will help in greater production eficiency and the output employment income and consumption will increase over time. this investment in school is a good idea because investment in human capital has increasing returns to scale.
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Suppose that the government makes a one-time investment in new
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something at a given point in time.
A stock concept is an amount of something at a given point in
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I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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TEXT Alternative:
Suppose you were in charge of establishing economic policy for a
small island country whose only industry is fishing. When people
aren't fishing, they're enjoying leisure time with their
families.
Which of the following policies would lead to greater economic
growth? Check all that apply.
Imposing a tax on fishing boats (a form of capital)
Lowering the income tax, assuming that it encourages people to
work longer hours
Subsidizing research and development into new fishing
technologies
Offering free...
Which of the following best describes the relationship between a
stock concept and a flow concept?
A stock concept has a time period
associated with it, whereas a flow concept is an amount of
something at a given point in time.
A stock concept is an amount of something at a given point in
time, whereas a flow concept has a time period associated with
it.
______________________________________________________________________________
What expenditure category of production is largest for most
countries?
Investment
Consumption
Net...
5.2 please
iston to us time petrol amount eory allow us to ow it is attected ber saving. pay a higher in terest rate. elp explain whes er choice theory can help explain al assets an individual who is sayi bills, gold, and government pays part of ou allows the consumer to buy as many units as descu the subsidized price. Subsidies can also be made in the users may A decision to save (of LU UL form of cash,...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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Question 9 (13.5 points) You've taken a job as a chief macroeconomic advisor in a $100 million start-up firm. As your firm's business plan is launched, and sales immediately surge, the 28-year-old CEO expressed concern that sales of her product are vulnerable to economic fluctuation. She asks "Trade war with many economies would influence consumer sentiment in our market. I also heard that there is a rumor that there might be a downfall in financial market soon. I would like...
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