How Is the Solow Residual Measured? What Problems Arise in Its

question 12

Essay

How is the Solow residual measured? What problems arise in its measurement when resource utilization varies over the business cycle? What implications do these measurement issues have for evidence supporting the RBC model?

Explain how the colonists justified their protests and rebellion, including the philosophical and ideological influences.

Identify and discuss the political and social consequences of the Revolution by 1783.

Understand the debates over virtual representation and differing perspectives on governance within the empire.

Examine the financial and political challenges faced by the British government after the Seven Years' War and the colonial response.