1. Growth in Bangladesh Bangladesh was one of the highest growing countries in the years prior to the COVID-19 pandemic. In this exercise we will try to analyze the growth of the country since the 1980s by decomposing it into its different factors. Using the data from this table below, answer the following questions. Year Y N K L H 1981 104,889 81.8 120,277 248 1.3 2014 526,465 1545 1,828,392 594 2.0 Note: Aggregate output, GDP (Y ), and capital (K ) are expressed in millions of 2017 PPP-adjusted US dollars; population (N ) and employment (L) are in millions of people; and human capital (H ) is proxied by a human capital indicator. a. Sources of Bangladesh's Growth Fill the empty cells in the following table to calculate the contributions to Bangladesh's GDP per capita growth (gy) by capital per worker (K/L, sometimes called capital-labor ratio), employment to population ratio (L/N, sometimes called employment rate), Total Factor Productivity (A) and human capital. Explain which one is more important and how this is different or similar to some of the economies that we have studied in class. Assume that the share of capital () is 1/3. YN A L/N K/L Growth Rate (%) 0.73% Contributions to gy Contributions to gy (% of Total) b. Bangladesh's Growth in Early versus Recent Years The figure below shows the percentage contribution of the each variable to the growth of output per capita from 2005 to 2019. With the help of the graphical solution of the Solow Model explain the reasons for the main differences from what you found in part (a). [Note: Full credit for this question requires the correct graph] C. Bangladesh's Problem with Corruption Bangladesh's economic growth in the decade prior to the COVID-19 pandemic has been ad- mired by many, as it grew at an average of 7%, which is almost as fast as China's 8% growth. However, in recent years there is a growing concern among economists that the rise of red- tape, unnecessary bureaucracy and corruption could bring problems for Bangladesh moving forward. Explain some of the reasons why corruption may be problematic for Bangladesh's future growth, especially given what you have learned from parts (a) and (b)