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# eco202 assignment 1 and self generated solutions.pdf

6 Pages
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School
University of Toronto St. George
Department
Economics
Course
ECO202Y1
Professor
Masoud Anjomshoa
Semester
Winter

Description
Assignment 1Math Review1 In following questions variables C G and Z should be put on the vertical axis in your graphs while variable Y should be presented on the horizontal axisa Draw the line C10008Yb Draw the line Y1200Find the intersection of this line and the line in part a c Draw the line G100 Dont forget G is on the vertical axisFind line ZGC and draw it Dont forget E is on the vertical axisd Draw the line ZY Dont forget Z is on the vertical axisWhat is the slope of this line Find the intersection of this line and the line ZGC in part c e Suppose G increases and becomes G 200Repeat parts c and dWhat happens to the line Z compare to the part c 2 In following questions variables R should be put on the vertical axis in your graphs while variable M should be presented on horizontal axisa Consider M 5RYSuppose Y5Draw the line M b Draw a new line M5Find the intersection of this line and the line M in part ac Now suppose Y7Redraw the line M in part a and explain what happens to it after this change compare to line M in part ad Draw the line M5Find the intersection of this line and the new line M in part c3 Suppose A BCD and a b c d are the growth rates of A B C and D respectively Find the exact and approximate value of a in terms of b c and d4 In previous question sometimes instead of 1a1b1c1d we used this approximation abcd a Suppose b5 c3 d2Calculate the growth rate of A which is a using both the exact and approximation formulas and compare the results b Suppose b15 c13 d2Calculate the growth rate of A which is a using both the exact and approximation formulas and compare the results c Suppose b50 c30 d2Calculate the growth rate of A which is a using both the exact and approximation formulas and compare the results d Suppose b150 c130 d2Calculate the growth rate of A which is a using both the exact and approximation formulas and compare the results e What can you conclude from parts a to c5 Calculate the value of X in the following terms aX211214 18116132 164bX8 8389827 88182438729 cX1002757562520796875 05719141
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