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1) If John's nominal salary increases 3 percent during a year when inflation is 3
1)
If John's nominal salary increases 3 percent during a year when inflation is 3.5 %, what has happened to her real income ?
a)It has increased by .5%
b)It has decreased by 3.5%
c)It has decreased by .5%
d)It has increased by 3 %
2) UTION per cute smrtni coureres catalows to where is abundant QUESTION ! who want of growth does the per capita at production function leave QUESTION cargo e poucose effect of patience of 10% of a country slabor force? pedigte income would all but per capita income would remain the same para come wouluter capita income would wees would
Expert Solution
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2)
I am answering Question 41 , since other questions are incomplete and blurry.
Answer-
Production function can be written as
Y = F(K,L,H,A)
where Y = Real GDP
K= Physical capital of stock
H= Human Capital
L= Labour
A= Technology
F means some function of
So we can clearly see that we miss the option first which is Institutional Quality - This is the answer
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