1.Suppose that an equation for investments and savings is described by an exponential function:Where I is the level of investments in an economy, S is the level of savings, Y is the grossdomestic product, P is the total population, and & and a are constants.a. Derive a linear (in parameters) equation from the exponential function with In In i as theleft-hand side variable and s (saving rate) on the right-hand side. Note that i =(investment per capita) and s =b. Identify the slope and intercept in the derived equation in (a). What could be therelationship between i and s? Provide an economic explanation.c. Derive a formula of the slope parameter in the linear equation in (a) for the interpretationof the changes in the variables. Interpret the resulting equation.

Given information: An equation for investments and savings is described by an exponential function.

Answered: Suppose that an equation for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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