Numbers in the Romer model (I): Suppose the parameters of the Romer model take the following values: Ã₁ = 100,= 0.10, z = 1/500, and Ī = 100. (a) What is the growth rate of output per person in this economy? (b) What is the initial level of output per person? What is the level of output per person after 100 years? (c) Suppose the research share were to double. How would you answer parts (a) and (b)?

Q: do you think the possession of marijuana should be decriminalized?

A: As many states are decriminalizing the possession of limited amount of marijuana for medicinal…

Q: What kind of healthcare system is the US have?

A: Health care system: It includes all organizations, institutions, and resources that are devoted for…

Q: Select the sentence that should not be used to support a claim.         Our office…

A: The objective of the question is to identify the sentence that should not be used to support a…

Q: How does a police chief role as a motivator differ from the role of a sergeant?

A: Police chief has greater role.Police chief is responsible for main discipline in the area of…

Q: economics for lawyer

A: The law and economy communicates in various ways. Economics and lawyers is the economic survey of…

Q: Businesses that are privatized are owned by

A: Privatization is the process of transferring ownership of a business, enterprise, agency, public…

Q: describing the political, economic, geographic, ethnic of Mexico?

A: Mexico is a diverse and complex country with a rich cultural heritage and a complex political and…

Q: Is Healthcare like any other commodity

A: Healthcare is one of the industries of service sector that provides facilities related to health…

Q: the different treatment alternatives for drug and alcohol abuse.  What are several strengths and…

A: Drug abuse: It refers to the situation under which the people who take drugs or alcohol will abuse…

Q: Does government regulations is necessary in an economy. Describe it in a proper way.

A: In its widest meaning, regulation refers to the process through which the government imposes rules…

Q: A side effect of an action that adversely affects is third party is called a

A: An externality is a cost or benefit caused by the manufacturer that is incurred or received by their…

Q: Identify how different people and demographics have been affected by telehealth? Has the impact been…

A: The provision of health-related services and information using electronic information and…

Q: A person may be considered negligent if they fail to do what a reasonable and prudent person would…

A: Negligence is the most widely recognized of misdeed cases. At its center Negligence happens when a…

Q: A change in technology that makes it more costly to produce tort

A: Technological change is important for industrial development. However, often there are situations…

Q: What is underemployment

A: Underemployment is the measurement of the economy's jobs and labor efficiency. It explores how…

Q: Why do transaction fees occur?

A: In a market, transaction cost refers to the additional cost that is bear by the firm or the…

Q: The states have the right to regulate and license real estate agents. Why should that be?

A: Real Estate:The term real estate refers to physical property, land, and buildings. Basically, there…

Q: Select the good that doesn't belong to the same group. National defense Pollution control Public…

A: In economics, public goods are goods that are both non-excludable and non-rivalrous. Non-excludable…