Problem 1: Consider a closed economy with population growth rate of 1% per year. The per-worker production function is y = 6k.5‚ where y is output per worker and k is capital per worker. The depreciation rate of capital is 14% per year. Households consume 90% of their income and save the remaining 10% of it. There is no government. (a) What is the steady state in this economy? Answer: (a) In steady state‚ sf(k) ’ (n + d)k 0.1 ( 6k.5 ’ (0.01 + 0.14)k 0.6k.5 ’
Premium Investment Thermodynamics Economics
A Guide for Text Complexity Analysis 1. Fill in the title and author information in the upper left side of the placemat. 2. Complete the Text Description. (Green Box) 3. Identify the Quantitative Measure. (Red Box) Use Lexile.com (or the quantitative measure your district uses) to find the quantitative measure of the text. Use the chart below to determine the grade band alignment for the quantitative measure of the text. Enter the Lexile Measure and Complexity Band Level on the placemat
Premium Quantitative research Computational complexity theory Scientific method
To quote Doug Horton‚ “The art of simplicity is a puzzle of complexity.” The two words “Simplicity” and “Complexity” are complete opposites in meaning; the first meaning “the quality or condition of being plain or natural” while the latter is defined as “the state or quality of being intricate or complicated”. In spite of this‚ these two words are intertwined in the short novel “Billy Budd”‚ written by Herman Melville. The author of Complexity wrote‚ “the purest spring water is a downright frightening
Premium Complexity Systems theory Chaos theory
activity and organic resource consumption‚ which has caused a great loss of biodiversity. If strong efforts are not made to restore and sustain conditions‚ our ecosystem will be destine for collapse. It is imperative that we use TEK (traditional ecological knowledge) as a source of environmental ethics to conserve the earth’s habitats and restore our ecosystem “TEK has a strong potential to contribute to more effective and sustainable approaches to forest management in particular and
Premium Natural resource Natural environment Biodiversity
Introduction Therapists use theories in assisting their clients with different approaches and techniques. These theories are designed to help the client to receive the best treatment possible. Theories enable us to see things from new angels and perspectives‚ as well as to allow us to understand more fully the relationships in life. Hagan (2011) research has proven that “One cannot begin teaching the specifics of theoretical influences and practice methods without providing the underpinning foundation
Premium Family therapy Family Cognitive behavioral therapy
Media System Dependency Theory Dependency theory‚ or media system dependency theory‚ was proposed originally by Sandra Ball-Rokeach and Melvin DeFleur (Dependency Theory‚ 2012). The core assumption of the theory suggests an essential relationship between audiences‚ media and the larger social system (Dependency Theory‚ 2012). It attempts to explain that the individual use of media is a goal oriented activity and the overall intensity of the dependency relationship between individual and media
Premium Dependency Sociology Mass media
Running Head: BASIC FAMILY SYSTEMS THEORY AND MICROSKILLS Basic Family Systems Theory and Microskills Used by the Helper Basic Family Systems Theory and Microskills Used by the Helper In terms of a system‚ the meaning is a consistent arrangement of things connected to form unity or to operate as a whole. These systems are dated back in origins to the 1950’s and 1960’s. In this theory we must understand an individual’s family and how it works for that family daily in the community‚ neighborhood
Premium Family therapy Family Cybernetics
Bioecological System Theory chart helps break down and determine those certain events or things that have taken place. Bioecological System Theory chart contains 5 layers and helps break down psychologists theories. The inner most layer starts at birth and extends out into later years. To address this theory and explain how different levels make a person‚ I am going to use someone I know‚ Jerry‚ who is a 56 year old‚ white‚ male. First‚ the Microsystem level of Bioecological System Theory‚ the innermost
Premium Family Mother High school
Systems/Continuous improvement theories Systems/Continuous improvement theories Today‚ leadership is a major topic that is being explored from various vantage points. There are plethora’s of organizations that are reviewing and restructuring their leadership infrastructures‚ seeing that particular researchers are identifying models that are becoming less effective in regards to influencing the growth of an organization as well as individuals. One organization or institution that is slowly
Premium Education High school School
Media System Dependency Theory Dependency theory was originally proposed by Sandra Ball-Rokeach and Melvin DeFleur (1976). This theory merged out of the communication discipline. Media Dependency theory is one of the first theory which regards audience as an active part in communication process. Media system dependency theory asserts that the more a person depends on having his or her needs met by media use‚ the more important will be the role that media play in the person’s life and therefore the
Premium Mass media Sociology