# Class Notes for ECO 132 at Hofstra University

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## ECO 132 Lecture Notes - Lecture 5: Pareto Efficiency, Competitive Equilibrium, Diminishing Returns

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There are three exogenous variables: g, k, z: notation stands for: government spending, quantity of capital, total factor productivity, these variables

View Document## ECO 132 Lecture Notes - Lecture 4: Marginal Product, Total Factor Productivity, International Kendo Federation

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## ECO 132 Lecture Notes - Lecture 2: Gdp Deflator, Investment Goods, Weighted Arithmetic Mean

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Remark: for the base year real gdp = nominal gdp since we are using the same prices. Increase is purely due to inflation since production did not chang

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