Why are some countries richer than other countries?

a. Why are some countr Show more Q1)Which of the following questions does the Solow model NOT help to explain? a. Why are some countries richer than other countries? b. Will a country be richer if the investment rate is higher than another country all else being equal? c. Why do countries sustain growth in the long run? d. Why do countries have different growth rates in the same time periods? Q2) Absent productivity growth which of the following statements below describe what is meant by a steady state in the Solow model? 1) Output per worker = capital per worker. 2)Output per worker and capital per worker are both constant. 3)Output per worker and capital per worker both grow at the same positive rate. 4)Total output and total capital both grow at the same rate (equal to the growth rate of employment). which of the following apply ? (1) (1) and (4) (2) and (3) (2) and (4) (1) (2) (3) and (4) Show less

Place New Order
It's Free, Fast & Safe

"Looking for a Similar Assignment? Order now and Get a Discount!

Feeling Lucky?

Enter your email address to spin the wheel for a chance to win exciting offers.