Question
34. In 1922-23 Turkey violently expelled 1.2 million Greek citizens from its territory to Greece, which returned in response approximately 400,000 Muslim citizens to Turkey.
34. In 1922-23 Turkey violently expelled 1.2 million Greek citizens from its territory to Greece, which returned in response approximately 400,000 Muslim citizens to Turkey. For each of the two countries, what must have been the impact on: A) Labor productivity? Justify your answer with an economic argument. B) Average real wage? Justify your answer with an economic argument. 35. Suppose the government increases the payroll tax. A) What will happen to labor supply and demand? Why ? B) How should the level of employment and the average equilibrium wage vary? Why? C) What would be the impact on potential GDP? Why? D) In ??the event that the government decides to offset the tax increase with a reduction in sales taxes, what should you change in your answers to the previous questions? Why ?Please I need an expert to help me with these .
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