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Problem Set 2 Due on October 3 in Class 1 Suppose an economy is experiencing de ation at a constant annual rate of 5 discrete How long will it take for the size of this economy to shrink to 60 of its current level 2 Simplify the following Write down necessary steps if possible 1 ln y3 xy2 2 cid 17 cid 16 x4 2 exp logb b2 3 log9 27 3 Suppose a system is given by x 2y 4z 3a 2b y 2x 2z 2a z x y b Solve for x y z Suppose a and b change by 2 and 3 respectively and simul taneously calculate the changes in x y z 1


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UMD ECON 300 - Problem Set 2

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