Questions from Managerial Economics

Q: What shortcoming of the Solow growth model does the Romer model attempt

What shortcoming of the Solow growth model does the Romer model attempt to remedy?

Q: How does an increase in total factor productivity affect output per worker

How does an increase in total factor productivity affect output per worker?

Q: What are the four basic results of the Solow growth model?

What are the four basic results of the Solow growth model? What is the model’s chief weakness?

Q: According to the growth accounting equation, what are the three sources

According to the growth accounting equation, what are the three sources that contribute to economic growth?

Q: In the Romer model, how does an increase in total population

In the Romer model, how does an increase in total population affect the growth rate of per capita output over time?

Q: What is the impact of an increase in saving in the Romer

What is the impact of an increase in saving in the Romer model?

Q: As an input to production, how does technology differ from labor

As an input to production, how does technology differ from labor and capital inputs?

Q: In the Romer model, how does an increase in the fraction

In the Romer model, how does an increase in the fraction of the population engaged in R&D affect the growth rate of per-capita output over time?

Q: Why may private R&D expenditures be too low?

Why may private R&D expenditures be too low?

Q: On January 29, 2013, the Federal Reserve released a special

On January 29, 2013, the Federal Reserve released a special statement that clarified its goals of “price stability” and “maximum employment.” Specifically, it stated that “the Committee judges that in...