# jnu mphil 2014

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## jnu mphil 2014

 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
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## Re: jnu mphil 2014

 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
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## Re: jnu mphil 2014

 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
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## Re: jnu mphil 2014

 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
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## Re: jnu mphil 2014

 thankyou
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## Re: jnu mphil 2014

 In reply to this post by shelly gupta could you pls help me with one more question jnu mphil 2013 paper question13-15 solow model.. thankyou
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## Re: jnu mphil 2014

 In reply to this post by neha 1 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
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## Re: jnu mphil 2014

 In reply to this post by neha 1 Bump.
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## Re: jnu mphil 2014

 Double Bump.
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## Re: jnu mphil 2014

 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.
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## Re: jnu mphil 2014

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