Question 4
In the General Solow model, list 2 policies (in terms of
parameters of the model that could be changed by public policy)
that would lead to higher c*.
Question 8
Evolution of the Solow Model.
In introducing constant technological growth, the General Solow
Model addressed what weakness of the Basic Solow Model.
Introducing the Human Capital Model helped address what 2
weaknesses of the General Solow Model.
Briefly discuss the fundamental differences between a multiple
regression model, an analysis of variance model and an analysis of
covariance model. Be sure to provide concrete examples of problems
that represent the three types of models.
· Question
1
Describe the scientific method:
· Question
2
Give two differences between science and
pseudoscience:
· Question
3
Give an example of a falsifiable statement:
· Question
4
What is confirmation bias?
This is a calculation question involving the Solow model. There
are three parts to the question. Part (a) asks for the steady state
level of k for a 'Solow country.' Part (b) asks for the
steady-state level of y for the same country. Part (c) asks you to
calculate a new savings rate for the country to satisfy certain
conditions. You have to answer all three parts of the question in
the box provided. Please make it clear what part...
Question 13
a)
Consider the country of Solow,which is described by the
Solow-Swan growth model with constant total factor productivity.
Let the saving rate 0=0.75.Per
capita output(y)is equal to 100 and the per capita capital
stock(k)is 1000. For Solow to be in steady state:
A. the depreciation rate and population growth rate must sum
to 0.75
B. the depreciation rate is 0.025 and the population growth
rate is 0.05
C. the depreciation rate is 0.25 and the population growth
rate...