jnu mphil 2014

[neha 1]

there are 2 classes in the economy- workers and capitalists. the workers consume all their wages, whereas the capitalists consume one third of their profits.
the wage profit ratio is 1:3. the value of the output multiplier in the economy is
a) 4
b) 1
c) 2
d) none

[shelly gupta]

w/p = 1/3 which implies w=1/4 and p=3/4

S/Y = Sw W/Y + Sp P/Y
      = 0X1/4   + 2/3X3/4 = 1/2

S/Y = mps = 1/2

multiplier = 1/S = 1/(1/2) = 2

thus option c

[Kannot]

Forgive me if I am mistaken but, although the answer is correct would it not be more accurate to say that:

Savings = Amount saved by workers + Amount saved by capitalists = S

S = 0x(1/4)x(Y) + (2/3)x(3/4)xY
S = (1/2)Y

and that :

dS/dY = MPS = 1/2

Since technically S/Y = APS (which is not necessarily equal to MPS)?

Although in this case S/Y = APS = 1/2 = MPS

[shelly gupta]

Yes you're right. Thanks for correcting me. 

S/Y = 1/2 or S=1/2 Y then dS/dY = 1/2

On 27 Apr 2015 21:29, "Kannot [via Discussion forum]" <[hidden email]> wrote:

Forgive me if I am mistaken but, although the answer is correct would it not be more accurate to say that:

Savings = Amount saved by workers + Amount saved by capitalists = S

S = 0x(1/4)x(Y) + (2/3)x(3/4)xY
S = (1/2)Y

and that :

dS/dY = MPS = 1/2

Since technically S/Y = APS (which is not necessarily equal to MPS)?

Although in this case S/Y = APS = 1/2 = MPS

---

If you reply to this email, your message will be added to the discussion below:

http://discussion-forum.2150183.n2.nabble.com/jnu-mphil-2014-tp7596380p7596389.html

To unsubscribe from jnu mphil 2014, click here.
NAML

[neha 1]

thankyou

[neha 1]

could you pls help me with one more question jnu mphil 2013 paper question13-15 solow model.. thankyou

[Ayushya Kaul]

Any idea how to do its follow up question?

6. An increase in the level of investment entailing price adjustment requires

a) wages to rise as a proportion of profit
b) the price-wage ratio to fall
c) the share of profit in output to rise
d) all of the above

[Ayushya Kaul]

Bump.

[Ayushya Kaul]

Double Bump.

[Mauli]

Hi,
read Kalecki, Ayushya. Maybe it will help ! If you do not have access to any material , i read it from Wiki.
I am not sure of the answer coz i read this ages back.

[Mauli]

Hi Ayushya,
for the 6th question I am getting c. What  about u?

[Ayushya Kaul]

Hi Mauli,

Thanks for the reply.
Yeah I realized this is Kaleckian political economy.

I think it should be d).

[Ayushya Kaul]

Anyone who can confirm?