Essay
Consider the following Romer model of economic growth: 
(a)If 
, 
, 
andN¯ = 1,000,what is the growth rate of knowledge in this economy?
(b)What is the growth rate of per-capita output in this economy?
(c)Using the information from 1,what is the level of output in this economy in year 5?
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(a)From equation 6.7 we have the growth ...View Answer
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