hello
I have macro econ homework and I am thinking how much it is going to cost to get it done ?

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hello I have macro econ homework and I am thinking how much it is going to cost to get it done ?

David · Accepted Answer

Q2.
After 10 years:
Richland’s GDp=10000*(1.01)10= 11046.2213
Poor land’s GDP=5000*(1.03)10 = 6719.5819
After 20 years:
Richland’s GDp=10000*(1.01)20= 12201.9004
Poor land’s GDP=5000*(1.03)20 = 9030.55617
We need n such that 10000*(1.01)n = 5000*(1.03)n
n=35.3493736
Q3.
Inflation= (121-110)/110= .1 =10%
he rule of 70 states that in order to estimate the number of years for a variable to double, take the number 70 and divide it by the growth rate of the variable.
Using this we get 70/2 =35 years at rate of inflation of 2% for price level to double. 
With 5% inflation it takes 70/5 =14 years
With 10% inflation it takes 70/10 =7 years
Q4.
	NOM GDP
	GDP DEFLATOR
	REAL GDP
	526.4
	21
	2506.667
	1038.5
	27.5
	3776.3636
	2789.5
	54.00042
	5165.7
	5803.8
	81.6
	7112.5
	7397.7
	92.10054
	8032.2
	9817
	100
	9817
	11004.1
	106
	10381.226
NOMINAL GDP/REAL GDP= GDP  DEFLATOR
Q5.
Y=6
C= 4
G=1
PUBLIC S= -.25
T=1
a.
total S= public S + private S
C+I+G= C+S
Y= C+I+G
So I = 6-4-1 = 1 trillion
S= I+G = 1+1 =2 trillion
 Private S= 2-(-.25)=2.25 trillion
b.
 I=1 trillion
c.
public S= T-G-Tr
-0.25 = 1-1-Tr
Tr=0.25 trillion
d.
Deficit= 0.25 trillion
Q6
The per worker production function gives a relation between L/ Y and production
When capital/hour rises the productivity of labour will rise, so that we see a shift of the per worker production function. each L can now produce more.

hello I have macro econ homework and I am thinking how much it is going to cost to get it done ?

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