7 Macroeconomic Questions Assignments | Online Homework Help

1. According to Table 6.3, the sources of economic growth in the United States (i.e. in the data) are the growth of inputs (labor and capital) and TFP growth. Between 1929 and 2008, what was the growth of output, labor, capital, and TFP in the US?

Don't use plagiarized sources. Get Your Assignment on
7 Macroeconomic Questions Assignments | Online Homework Help
Just from $13/Page
Order Now

2. How does the US compare to other counties in the world in terms of income per person? See the LINK provided in slides (go to https://knoema.com/atlas/maps/GDP-per-capita). What are some of the countries that rank higher? (give 2 to 3 examples)

3. Solow Growth model: SET UP:

a) How is the steady state defined? Refer to the per capital variables as well as to the aggregate variables.

b) How is investment per capital at steady state defined? How is this interpreted intuitively? I.e. discuss the equation.

c) We know that when the economy is at steady state the savings per worker equals the breakeven investment per worker. Express this as an equation (i.e. write down the equation that holds when the economy is at steady state – use per worker terms, not aggregate terms).

4. What is the golden level of capital per worker? Explain (no graph needed).

5. In the Solow Growth Model what are the 3 factors (sources) that determine economic growth and the standard of living of a country? Just list.

6. Solow Growth model: GRAPH of Steady State

a) Illustrate the steady state level of capital-labor ration on the diagram. LABEL ALL CURVES AND AXES.

b) Suppose the economy is not at steady state yet, and instead it is currently at �̃ which is below k*. Illustrate �̃ on the diagram above. In this case, is savings per worker higher than breakeven investment per worker or lower or are they equal?

c) Continue with b): Since �̃ is below k* the economy continues to move towards steady state (towards k*). Can you provide the economic reasoning for why/how the economy moves from �̃ to k*?

7. Numerical Example: Solow Growth model. Suppose that output per worker is given by y=10k0.5, n=0.02, d=0.08, and consumers save 10% of their income.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Professional Academic Writers

With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Myhomeworkwriters.com maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@myhomeworkwriters.com.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Samples

Our writers complete papers strictly according to your instructions and needs, no matter what university, college, or high school you study in.

All samples
Analysis (any type)
Argumentative essays
Dissertation/Dissertation chapter
Analysis (any type)
Advantages and disadvantages of lowering the voting age to thirteen
Undergrad. (yrs 1-2)
Political science
View this sample
Argumentative essays
Is euthanasia ethical or not?
Undergrad. (yrs 3-4)
View this sample
Dissertation/Dissertation chapter
Videoconferencing as a teaching tool
Undergrad. (yrs 3-4)
View this sample

Our Homework Writing Services

My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.


Essay Writing Services

At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.


Admission and Business Papers

With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.


Editing and Proofreading

Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.


Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.

Sitemap: https://myhomeworkwriters.com/sitemaps/sitemap.xml User-agent: * Allow: / User-agent: AhrefsBot Crawl-Delay: 1 User-agent: SemrushBot Crawl-Delay: 1