Suppose we are considering a Solow Model without technology progress. Y = K%LË Population growth rate=D0.03 The capital accumulation is sY-dK s=0.2, d=0.07 Please calculate the capital per capita under the steady state.

The table below shows the level of real GDP and real GDP per capita growth rates for a select set of countries for the year 2016 Determine the number of years it will take for the standard of iving to double in each country. Instructions: Round your answers to 1 decimal place. Growth Retes and the Rule of 72 Number of Years for Grouth Rate of Real GDP Standard of Living to Country Real GDP (illions) per Capita (percent) Double Canada Hadagascar Phillppines $1,597,516 0.2% 37,570 1.4 807,894 5.3 Sweden 490, 282 2.2 United States 18,624,475 0.8

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why is this true or false Consider countries A and B, with A having a higher population growth rate than B. According to the Solow–Swan model, output per person in A and output per person in B are the same in steady state.

In relative terms, what accounts for more of the growth slowdown, if we break it down to just human capital and TFP?

In the Solow model, if investment per-worker initially exceeds saving per-worker, how isthe steady-state capital per worker reached? Draw a graph to support your answer

Suppose that the TFP parameter, As, in the Solow production function is the same across countries. What differs across countries is their savings rate, s. For the 1750 starter its savings rate is .25. Find the savings rate for a country that switches to Solow in 1950. Use the calibrated parameters from class. Also, assume the same population growth function holds in the 1750 starter and the 1950 starter.

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Production function is given by Y= (1/2)K^a(AN)^(1-a), where a=2/3. The rate of depreciation of capital is equal to 15 percent, the rate of technological progress is equal to 3 percent, and the rate of population growth is equal to 2 percent. The economy was in the steady state at time tand the level of technology was equal to A=80. Use the Solow growth model to answer the following questions. 1. If the saving rate s=80 percent, the steady state level of output per unit of effective labor at time tis equal to ... 2. If the saving rate s=80 percent, the steady state level of consumption per unit of effective labor at time tis equal to ... 3. If the saving rate s=80 percent, the steady state level of consumption per worker at time tis equal to ..

,0.30 Consider a numerical example using the Solow growth model. Suppose that F(K, N) = ZK 0 0.70, with d= 0.06, s = 0.10, n=0.02, and z=1, and take a N period to be a year. The steady-state level of income per capita is The steady-state level of consumption per capita is The golden rule level of capital per capita is (Round to two decimal places as needed.) (Round to two decimal places as needed.) (Round to two decimal places as needed.)