Any Economics majors who want points for my HW?

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  • mdemps9190
    SBR MVP
    • 11-08-07
    • 1957

    #1
    Any Economics majors who want points for my HW?
    I've got some intermediate macroeconomics homework to do, and was wondering if anybody was good at econ here. Will pay points if you answer a few of the questions. Here's an example

    1. An economy described by the Solow growth model has the following production function:
    y = √k
    a) Solve for the steady state value of y as a function of s, n, g and δ.
    b) A developed country has a saving rate of 28 %, and a population growth rate of 1 % per year. A less
    developed country has a savings rate of 10 % per year and a population growth rate of 4 % per year. In both
    countries g = 0.02 and δ = 0.04. Find the steady state value of y for each country.
    c) What policies might the less-developed country pursue to raise its level of income?
  • mdemps9190
    SBR MVP
    • 11-08-07
    • 1957

    #2
    Never mind...Did it. But if anyone in the future has some econ experience, let me know. Justin7 you're a smart mofo, I'm sure you do haha.
    Comment
    • nobs
      Restricted User
      • 08-31-09
      • 4216

      #3
      shit i wouldnt know where to begin with that shit.
      Comment
      • OverUnder
        SBR MVP
        • 12-31-09
        • 3126

        #4
        I am a Finance and Economics Major, let me know if any other questions arise.
        Comment
        • nobs
          Restricted User
          • 08-31-09
          • 4216

          #5
          price goes up = quantity demanded goes down.

          price of substitute good ( substitute for good A ) goes up = demand for product A goes up.

          Income of buyer goes up = Demand for normal good goes up, demand for inferior good goes down.

          Thats about all I remember
          Comment
          • nobs
            Restricted User
            • 08-31-09
            • 4216

            #6
            Nearly all possibilites fall within 3 standard devistions. I think its like 99.4% of all outcomes within 3 standard deviations.
            Comment
            • Brock Landers
              SBR Aristocracy
              • 06-30-08
              • 45359

              #7
              Buy low, sell high
              Comment
              • yisman
                SBR Aristocracy
                • 09-01-08
                • 75682

                #8
                Originally posted by nobs
                Nearly all possibilites fall within 3 standard devistions. I think its like 99.4% of all outcomes within 3 standard deviations.
                empirical rule says 99.7% are within 3. 68% within 1, 95% within 2

                only for standard distributions
                [quote=jjgold;5683305]I win again like usual
                [/quote]

                [quote=Whippit;7921056]miami won't lose a single eastern conference game through end of season[/quote]
                Comment
                • nobs
                  Restricted User
                  • 08-31-09
                  • 4216

                  #9
                  Yeah thats yisman. Thats rright. Its been so long, I dont remember hardly any of it.
                  Comment
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