Questions from Macroeconomics

Q: What is the growth rate of output per person in Figure 6

What is the growth rate of output per person in Figure 6.2? What are the growth rates of output per person before and after the changes in the parameter values in Figures 6.3 and 6.4? Fig...

Q: Suppose the economy is on a balanced growth path in the Romer

Suppose the economy is on a balanced growth path in the Romer model, and then, in the year 2030, research productivity

Q: Suppose we have two economies— let’s call them Earth and Mars

Suppose we have two economies— let’s call them Earth and Mars—that are identical, except that one begins with a stock of ideas that is twice as large as the other:

Q: Now suppose the parameters of the model take the following values:

Now suppose the parameters of the model take the following values:

Q: In 2015, the U.S. National Income Accounts began

In 2015, the U.S. National Income Accounts began to “count” intellectual property products— such as R&D, computer software, books, music, and movies— explicitly as investment. More correctly, they had...

Q: Look back at Table 2.4. Some missing entries are

Look back at Table 2.4. Some missing entries are labeled with question marks. Compute the values that belong in these positions. Table 2.4:

Q: Consider the following variation: Yt = A1/2 t

Consider the following variation: Yt = A1/2 t Lyt , ∆ At+1 = z At Lat , Lyt + Lat =

Q: Suppose the U.S. unemployment rate in October 2009 had

Suppose the U.S. unemployment rate in October 2009 had been 6% instead of 10.0%. How many more people would have been working (assuming the labor force remained the same)?

Q: Consider the following two proposals to reform unemployment insurance. Explain the

Consider the following two proposals to reform unemployment insurance. Explain the arguments for and against each reform. (a) The insurance payment would be increased so that it replaced 100% of a wor...

Q: GDP per hour: Assume annual hours worked per person in the

GDP per hour: Assume annual hours worked per person in the United States is equal to 800. Using the data from Table 7.2 and the “Country Snapshots” file...