Question 6: Consider the Swan-Solow model of economic growth. In questions (a)- (d), you are supposed to graphically construct the steady state in this model. In question (e), you will apply the model a) Draw a suitable diagram with a typical Aggregate Production Function in it. b) Draw a typical Investment curve into the diagram. Briefly explain how you came up with the curve and what you need to know to exactly pin it down. c) Draw a typical Depreciation curve into the diagram. Briefly explain how you came up with the curve and what you need to know to exactly pin it down. d) Briefly define the steady state and show it in your diagram. e) A major shift in people's values causes them to save less and spend more as a percentage of their income. Analyse the effects of this change on each of the curves in your diagram, and find the new steady state. Briefly discuss your finding in the context of economic growth.

Evaluate Turkey’s stage, according to Rostow Stages of Growth. Explanations should be made using the relevant variables and taking into account the features of the model. Has Turkey completed the developmental stages? Please analyze.(When giving information about the features required at these stages, make a concrete assessment. For example, if you say leading sectors are established, which ones should be specified. Or if the investments should have a certain ratio of GDP at that stage, should these values be given and analyzed.)

Suppose a war destroys part of a nation's population but not its capital stock, (say on account of a neutron bomb being deployed). Use the Solow model without change to show the effect of this event on the country's total output technological and per capita output over time. Assume prior to this event the economy was on its steady state path.

Could you please please answer question d and e.

QUESTION 5 (a) What are some criticisms against the Keynesian model? How do post Keynesian models try to address? (b) Graphically illustrate and explain the conditions for a competitive general equilibrium (c) Graphically illustrate and explain the effect of an increase in government spending on general equilibrium conditions.

1. Consider an economy that operates under competitive markets and meets the assumptions of the Solow model. The production function is given as follows: Y(t) = K (t) 0.3 (A(t)L(t)) ⁰.7 Assume a saving rate of 15%, labor force growth rate of 2% and depreciation rate of 5% and effectiveness of labor growth rate of 8%. a. Show that the production function exhibit constant return to scale? b. Derive the production function for output per capita. c. Derive the production function for output per effective unit of labor. d. Find equilibrium real wage as a function of capital per unit of effective labor and effectiveness of labor. e. Find equilibrium real rental price of capital as a function of capital per unit of effective labor and effectiveness of labor. f. Solve for steady state level of capital per unit of effective labor. g. Find steady state level of output per unit of effective labor. h. Find growth rate of output and output per worker on the balanced growth path. i. Which one would…

31) Given the narrow interpretation of technology, technology will include which of the following? A) how well firms are run B) the organization and sophistication of markets C) the political environment D) none of the above 32) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the growth rate of output per capita will be greater in B than in A. B) the growth rate of output per capita will be greater in A than in B. C) the capital-labor ratios (K/N) will be the same in both countries. D) the growth rate of output per capita will be the same in both countries. 33) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the capital-labor ratio…

I need assitance with part b) and d) answers are provided and arecorrect.

See Figure 2.2 and examine the model.  Unlike other circular flow models, this model is missing another sector/s. what is the missing sector?

Consider the Swan-Solow model of economic growth.  [Hint: Question (e) below goes beyond the subject matter discussed in the lecture and requires you to think independently.] c) Draw a typical Depreciation curve into the diagram. Briefly explain how you came up with the curve and what you need to know to exactly pin it down.