2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending more Africans to college will increase ecenomic growth and wealth in Africa. Discuss thevalidity of this conclusion.3. Imagine you are either a Classical economist or a Keynesian economist. Argue against the other side. List their primary beliefs and offer rebuttals from the other perspective.4. The slope of the AE curve is 80, What is the expenditure multiplier? Everything else the same, by how mach does equilibrium aggregate expenditure inerease if the follwoing occurs: 1. Exports increase from $1.75 trillion to $2.25 trillion., 2. Government expenditures on goods and services deerease from $2.0 trillion to $1.8 trillion,3. Investment increase from S1.2 trillion to $23 trillion.

Hi! thanks for the question but as per the guidelines, we answer only one question at one time.…

2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending mere Africans to college will increase ecenomic growth and wealth in Africa. Discuss the validity of this cenclusion.

2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending mere Africans to college will increase ecenomic growth and wealth in Africa. Discuss the validity of this cenclusion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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