All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
survey of economics

Questions and Answers of Survey Of Economics

What fraction of wages is the result of human capital for a worker who has nine years of education?
In our discussion of education and wages, we assumed that education raises a worker’s wage by increasing the amount of output he or she can produce. Suppose that we instead believe that
Country A and Country B differ in their intrinsic health environments. Specifically, for a given level of income per capita, workers in Country A will be healthier than workers in Country B. Suppose
Suppose that an effective vaccine against malaria were invented. Using Figure 6.3, describe the vaccine’s effect on both health and income.
Why and how might education have externality effects?
How can we use data on the return to education to estimate how differences in education among countries contribute to differences in income among countries?
What is the return to education?
What does it mean to say that health and income are simultaneously determined?
Why is health considered an element of human capital? How does human capital in the form of health differ from human capital in the form of education?
In what ways is human capital similar to physical capital? In what ways are the two different?
Suppose that the world has only two countries. The following table gives data on their populations and GDP per capita. It also shows the growth rates of population and GDP. The growth rates of
“Because of low fertility, the population of our country is aging. The large number of elderly, in comparison to the working-age population, is lowering our standard of living. The best way to
In 1950, 57.9% of the population in the United States was of working age. In 1965, only 51.2%of the population was of working age. Calculate the effect of this change in demographics on the annual
Suppose that in a particular country, the TFR fell to zero and remained there. Also suppose that there was no immigration or emigration.Draw a graph showing how the fraction of the population that
What does the age structure of the female population look like in the year 2025? In 2045? In 2065?
Starting in the year 2005, each woman has exactly one daughter at age
Suppose that a country has the following female age structure in the year 2005:Half of women die at age 40 and half live to age
Using data from Table 5.2, calculate how much the change in population growth between the period 1950–2000 and 2000–2050 would affect the steady-state level of output per worker in the Solow
Suppose that starting in the year 2010, Japan and Kenya had the same TFRs. How would their population growth rates compare? Why would they differ?
What is your forecast of the growth rate of the world population in the year 2200? Specifically, will it be roughly zero, greater than zero, or less than zero? Defend your answer using as many facts,
The following table shows data from the country of Fantasia. Fantasians live for a maximum of five years. Another peculiarity of the country is that there are no men—the population is made up
Why does a reduction in fertility lead to a “demographic gift”? Why does this demographic gift eventually disappear?
Why will population aging over the next several decades have different economic effects in developed and developing countries?
What is demographic momentum? What does it imply about how changes in fertility rates will affect future population growth?
What reasons are there to expect that fertility in the developed countries will or will not move toward the replacement level?
How did the change in mortality affect population growth in the past? Why will its effect be different in the future?
Consider a Malthusian model in which the equation that relates the population growth rate to income per capita is Ln = y - 100 100 .Let X be the total quantity of land in the economy, which is fixed.
Consider the following Malthusian model.Suppose that the relationship between income per capita (y) and the growth rate of the population (L n) is given by the equation:Ln = y - 100.Suppose that
One-half of children are girls.a. Compute the TFR and the NRR.b. Suppose that mortality is reduced so that there is no infant mortality. Half of all women die at age 30 and half at age 60.Compute the
Women bear one child at age 25, one child at age 28, one child at age 32, and one child at age
Suppose that in a country one-third of all females born die in infancy, one-third die at age 30, and one-third live to age
Suppose that two countries, A and B, have the same rates of investment and depreciation, the same levels of productivity, and the same levels of output per worker. They differ, however, in their
Consider the Solow model with population growth, as presented in the text. Assume that population can grow at two different rates n1 and n2, where n1 7 n2. The population growth rate depends on the
Suppose that there are two countries, X and Y, that differ in both their rates of investment and their population growth rates. In Country X, investment is 20% of GDP and the population grows at 0%
How would you use a randomized controlled trial (see box in Chapter 2) to assess the importance of “quality-quantity tradeoffs” in determining how much parents invest in their children? Can you
Consider the Malthusian model, as shown in Figure 4.3. Suppose that the economy is in steady state when suddenly there is change in cultural attitudes toward parenthood. For a given income, people
For each of the following scenarios, use the graphical depiction of the Malthusian model to illustrate what happens to a country’s population size and per-capita income in the short run and in the
Modern Homo sapiens emerged roughly 100,000 years ago. Assuming that originally there were just two Homo sapiens and that today there are 7 billion, what has the average growth rate of the population
In The Wealth of Nations (1776), Adam Smith wrote, “The most decisive mark of the prosperity of any country is the increase in the number of its inhabitants.” How would Smith’s view have to be
What are the possible channels through which economic growth leads to a reduction in fertility?
How do fertility and mortality interact to determine the net rate of reproduction?
What is a demographic transition?
How is population growth incorporated into the Solow model? Why does the model predict that countries with higher population growth rates will have lower steady-state income per capita?
How will changing the level of productivity in an economy affect income per capita in the Malthusian model?
What two key mechanisms are at work in the Malthusian model? How do they lead to a steadystate level of population and income per capita?
In a country, output is produced with labor and physical capital. The production function in per-worker terms is y = k1/2. The depreciation rate is 2%. The investment rate (γ) is determined as
Consider an economy in which the amount of investment is equal to the amount of saving (i.e., the economy is closed to international flows of capital). Any output that is not saved is consumed. The
In a table such as the following one, show how capital and output change over time (the beginning is filled in as a demonstration).Continue this table up to year 8.c. Calculate the growth rate of
In a country the production function is y = k1/2. The fraction of output invested, g, is 0.25. The depreciation rate,d, is 0.05.a. What are the steady-state levels of capital per worker, k, and
Country X and Country Y have the same level of output per worker. They also have the same values for the rate of depreciation,d, and the measure of productivity, A. In Country X output per worker is
The following tables show data on investment rates and output per worker for three pairs of countries. For each country pair, calculate the ratio of GDP per worker in steady state that is predicted
In Country 1 the rate of investment is 5%, and in Country 2 it is 20%. The two countries have the same levels of productivity, A, and the same rate of depreciation,d. Assuming that the value of a is
Describe in words and with a diagram an example of a steady state from outside of economics, similar to the one discussed in the box on page 61.
The fraction of output invested is 50%. The depreciation rate is 5%. Is the country at its steady-state level of output per worker, above the steady state, or below the steady state?Show how you
A country is described by the Solow model, with a production function of y = k1/2. Suppose that k is equal to
Explain whether or not each of the following is physical capital:a. A delivery truckb. Milkc. Farmlandd. The Pythagorean Theorem
Why can a country not grow forever solely by accumulating more capital?
How does the issue of whether saving rates are endogenous or exogenous affect our interpretation of how well the Solow model explains income differences among countries?
What is the effect of an increase in the investment rate on the level of steady-state output per worker in the Solow model? What is the effect of an increase in the investment rate on the growth rate
What is the evidence in favor of the theory that differences in income among countries are the result of differences in investment rates? What is the evidence against this theory?
Why is capital a natural suspect when we consider differences in income per capita among countries?
A pharmaceutical company has created a new drug that it believes will help students learn more effectively. Describe how you would construct a randomized controlled trial on your college campus to
For each of the following pairs of variables, give your best guess (and an explanation) of whether the variables have a positive, negative, or roughly zero correlation in a cross-section of
For each of the following scenarios, discuss what statistical problem might make the inference incorrect:a. People who vote for right-wing political parties tend to live longer than those who vote
A study finds that there is a strong correlation between being overweight and suffering a heart attack. Does this prove that being overweight causes heart attacks? Tell a story in which the
Give an example of something that is correlated with GDP per capita where it is clear a priori that causation runs from GDP to that measure and not in the other direction.
Country A and Country B have the same exact fundamentals, but Country A is twice as rich as Country B. Which country would you expect to have higher growth in the short run?How will their growth
Draw a graph, analogous to those in Figure 2.2, showing how two countries can have the same level of output per capita but different levels of factor accumulation and productivity.
Give an example of a possible fundamental cause for low GDP per capita.
Give an example of a possible proximate cause for low GDP per capita.
How do randomized controlled trials overcome some of the problems in inferring causality from data?
What are the obstacles to using data on correlation to infer causation?
What is a production function? What are factors of production?
What is the distinction between proximate and ultimate determinants of a country’s income per capita?
What is the relationship among productivity, technology, and efficiency?
What is the difference between productivity and factor accumulation as forces that contribute to differences in income among countries?
Between 1975 and 2009, China’s GDP per capita grew at an average rate of 7.9% per year whereas GDP per capita in the United States grew at an average rate of 1.8%. In 2009, U.S. GDP per capita was
In 2009 GDP per capita in the United States was $41,099, whereas GDP per capita in Sri Lanka was $4,034. Suppose that income per capita in the United States has been growing at a constant rate of
In 1900 GDP per capita in Japan (measured in year 2005 dollars) was $1,617. In 2000 it was$29,639. Calculate the growth rate of income per capita in Japan over this period. Now suppose that Japan
Suppose that the entire population of the world consists of four people, divided into two countries of two people each. The following table shows data on their income and nationality.Based on this
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 per capita.
How fast would a country have to be growing to double its output in nine years? You should answer this question using the rule of 72, not a calculator.
How would using a ratio scale (rather than a linear scale) affect Figure 1.1?
What is the relative importance of withincountry inequality and between-country inequality in explaining total world income inequality? How has the relative importance changed over time? Why?
How does the average growth rate of income per capita in the world since 1960 compare with growth in the previous century? How did growth in the 19th century compare with growth in the previous
In what cases is GDP per capita the best measure of a country’s income? In what cases is total GDP the best measure?
What is the magnitude of income differences between the world’s richest countries today and their own income per capita 200 years ago?
What is the magnitude of income differences between the richest and poorest countries in the world today?
21. What lessons can LDCs learn from China’s transition from socialism to a market economy?
20. What lessons can LDCs learn from Russia’s collapse of state socialism and economic reform?
19. Discuss the problems China has had with the reform of its SOEs.
18. Do you agree with economists who argue that Chinese economic strategies are characterized by continuity and evolution, not abrupt change, especially when compared to those in Russia and other
17. Discuss China’s urban reform, agricultural reform, and other reforms after 1978–79, including some of the problems associated with the reforms and the impact that the reforms had on economic
16. The economist Thomas E. Weisskopf states: “The outlook for revitalization of Russia’s economy is bleak. Only an alternative to shock therapy can assure that the Russian economy will be
15. Jeffrey Sachs contends: “I blame Russia’s problems on communist ineptitude and corruption, the utter degradation of the old administrative structure, and the thoughtless reaction of the West
14. Evaluate the effectiveness of the “shock therapy”/“big bang” approach and the alternative approach.
13. Barthlomiej Kaminski indicates that state socialism is nonreformable. Evaluate this contention.
12. What were the main reasons for the collapse of state socialism in the Soviet Union?
11. Should LDCs put more emphasis on privatization or socialization, or should they continue the status quo?
10. Assess the efficacy of MNC–SOE joint ventures in LDCs.

Showing 200 - 300 of 5089

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved