Closed

coursework(exam style) economic development and human capital

 Answer the following questions briefly and clearly.

Exercise

1) (20 marks) Calculate the Gini coefficient and the coefficient of variation for the following income distributions. For each distribution, the first set of numbers represents the various incomes and the second set of numbers the number of people earning each of these incomes.

(200, 400, 600, 800); (125, 25, 125, 50) (100, 200, 300, 400); (50, 15, 95, 15) (100, 200, 300, 400); (50, 35, 55, 35)

Compare briefly the different distributions.

2) The economy of Pordosol has people in three income categories: poor, middle class, and rich. The poor earn £400 per year and have to spend it all to meet their consumption needs. The middle class earn £2,000 per year, of which £1,500 is spent and the rest saved. The rich earn £10,000 per year, and consume 80% of it, saving the rest.

(a) (20 marks) Calculate the overall savings rate in Pordosol if 20% of the people are poor and 50% are in the middle class.

(b) (20 marks) Suppose that all growth occurs by moving people from the poor category to the middle-class category. Will the savings rate rise over time or fall? Using the Harrod-Domar

model and assuming that population growth is zero and all other variables are exogenous, predict whether the resulting growth rate will rise or fall over time.

(c) (20 marks) In the same setting of b), explain what happens to the growth rate if some people move from the middle class into the rich category, everything else equal.

(d) (20 marks) Using the Solow model, explain how the changes in b) and c) affect growth and per capita income in the short and long-run

Skills: Research Writing

See more: writing numbers 1 20, writing numbers 1 10, writing in academic style, writing exercise, what is writing style, what is style in writing, using numbers in writing, three d model, how to earn from academic writing, how academic writing is different from other writing, first capital, exercise academic writing, earning from writing, earning by academic writing, academic writing affect people, numbers writing, academic writing exam, academic style of writing, writing numbers, human model, human development, GINI , exam questions, exam c#, economic

About the Employer:
( 0 reviews ) United Kingdom

Project ID: #4375266

4 freelancers are bidding on average $182 for this job

javed1705

dear sir please check pm

$200 USD in 3 days
(25 Reviews)
4.8
camurtuza5552

Dear Sir, Greetings ! I am an IT-Engineer, Chartered Accountant (CA) [Equivalent to CPA (US) & ACCA (UK)], Company Secretary (CS) and Cost & Management Accountant (CMA)[Equivalent to CIMA - London]. I can take care of More

$175 USD in 5 days
(4 Reviews)
2.9
eumenydes

Hello - I am a native English speaker with over 10 years of experience in academic writing. I have a degree in physics and a background in economic and statistical modelling, so this exercise would be no problem for me More

$200 USD in 2 days
(1 Review)
1.7
philecon

Hello, I am an economics master with a strong background in development economics and advanced macro, as well as a good writer. You will get the complete solutions and calculation within 2 days.

$154 USD in 2 days
(0 Reviews)
0.0