Questions

The first MP3 player.

The Birmingham-area job outlook.

The Index of Economic Freedom.

How does the SGM explain the economic recovery of post-war Japan and Germany?

How does the SGM point to the importance of economic policy on savings rates? How do demographic changes affect the level of capital per worker?

What is the Golden Rule level of capital per worker? Why shouldn't an economy devote all of its resources into capital investment?

Might a policymaker choose a steady state with more capital than the Golden Rule steady state? With less capital than the Golden Rule steady state? Explain your answers.

"Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards." Do you agree with this claim? Explain.