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QUESTION 6:

Use same parameters as in question 4 & 5:

A0=100

l=0.20

z=1/500

L=100

What is the level of output per person after 100 years?

QUESTION 5:

Use same parameters as in question 4:

A0=100

l=0.20

z=1/500

L=100

What is the intitial level of output per person with these paramters?

 

QUESTION 4:

Suppose the research share were to double (l=0.20). So parameters are now:

Suppose same parameters as question 1:

A0=100

l=0.20

z=1/500

L=100

What is the growth rate of output per person with this new research share parameter? (do NOT include the percentage sign % in your answer: is ansewer is 5%, asnwer 5)

QUESTION 3:

Suppose same parameters as question 1 & 2:

A0=100

l=0.10

z=1/500

L=100

What is the level of output per person after 100 years?

QUESTION 2:

Suppose same parameters as question 1:

A0=100

l=0.10

z=1/500

L=100

What is the initial level of output per person?

QUESTION 1:

(question 6 from Chapter 6)

Suppose the parameters of the Romer model take the following values:

A0=100

l=0.10

z=1/500

L=100

What is the growth rate of output per person in the economy? (Do not write percentage sign: if answer is 5%, answer 5)

Microeconomics, Economics

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