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Assume your boss is an important policymaker/decision-maker, but might not understand the economics behind his/her decisions...

Assume your boss is an important policymaker/decision-maker, but might not understand the economics behind his/her decisions and policies. For each of the following, brief the decision-maker on what he/she needs to know about macroeconomics to make better decisions in the given situations. Use equations, graphs, and discussion.

Policy Topic: If we introduce big initiatives to acquire foreign technology, what will happen to us?

Under the Solow Framework, what does an increase in technology do for capital accumulation, growth, and per capita income in a poor country? Use math, graphs, and discussion.

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Expert Solution

Rahul Sunny answered 2 years ago
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