Question: You have a margin account with an initial margin requirement of 60%. You buy 17 shares of KPG at $53.55 using your full margin. In

You have a margin account with an initial margin requirement of 60%. You buy 17 shares of KPG at $53.55 using your full margin. In your initial Balance Sheet, how much debt do you have?

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=+productivity depends on growth in total factor productivity and growth in the capitallabor ratio. In particular, show that D1Y/L2 Y/L = DA A + a D1K/L2 K/L .

=+ Hint: You may fi nd the following mathematical trick helpful. If z = wx, then the growth rate of z is approximately the growth rate of w plus the growth rate of x. That is, z/z w/w + x/x.

=+ 3. Suppose an economy described by the Solow model is in a steady state with population growth n of 1.8 percent per year and technological progress g of 1.8 percent per year. Total output and