Log in
Economics
1
answer
0
watching
77
views

a) Is it true that if people could accumulate human as well as physical capital, the production function would look like the "AK" production function?
b) What would be the consequences of a decrease in fertility in this economy?

Watch
1
answer
0
watching
77
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Yusra Anees
Yusra AneesLv10
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

In class there was an argument that if people could accumulatehuman as well as physical Capital, the production function wouldlook like the "AK" production function.

(B) What would be the macroeconomic consequences of increasing thesavings rate in the economy?
In class there was an argument that if people could accumulatehuman as well as physical Capital, the production function wouldlook like the "AK" production function.

(A)If the production function is AK and the savings rate is theconstant rate "S", and the rates of depreciation and populationgrowth are d and n respectively, what would the growth rate of theeconomy be?

Which of the following statements is true?

A decrease in the crime rate increases GDP as people will spend more on security.

B Household production is counted in GDP as it amounts to real production.

C GDP accounting rules do not adjust for production that pollutes the economy.

D GDP growth distributes income equally to people in the economy.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in