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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 9
The median household income in Louisiana is approximately $52,000 per year, while the income per household in Massachusetts is about $79,000. However, suppose the growth rate of per capita real GDP in Louisiana is higher than in Massachusetts (3% versus 2%).
a. From the perspective of trying to maximize your income per capita, in which state would you rather live over the next few years?
From the perspective of trying to maximize your income per capita, in which state would you rather live in the long run?
a. From the perspective of trying to maximize your income per capita, in which state would you rather live over the next few years?
From the perspective of trying to maximize your income per capita, in which state would you rather live in the long run?
Explanation
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Per capita income
The per capita income...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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