ECON2330 Business And Economics

ECON2330 Business And Economics

ECON2330 Business And Economics

1.What is the estimated world population during the 1918-1920 period given that 39 million people died?

2.The Spanish flu killed 2% of the world population back in 1918-1920. How many would die today from Covid-19 if the virus had the same effect on today’s world population? How many have died until today from Covid-19 worldwide

3.Using model 1 if the Spanish flu and WWI did not happen what is the average growth rate of GDP per capita across all the 43 nations. In how many years would GDP per capita double if such a rate persisted into the future?

4.Using model 1 what is the effect of the flu death rate on GDP per capita growth given that 2% of the population died because of the flu?

Red light cameras often reduce drivers from running a red light at intersections. Since these cameras are expensive to install and maintain, we should place them in intersections with
the highest number of accidents.
The data we use shows the number of accidents at five intersections over the past 36 years. We assume that over 10 occurrences of accidents per year at an intersection, caused by running a red light, should warrant a red light camera installation

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