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1. Solow Growth Model Forecasts (60 points). In this question, you will travel all the way back to 2019 and generate your own forecasts for
1. Solow Growth Model Forecasts (60 points). In this question, you will travel all the way back to 2019 and generate your own forecasts for the next 30 years, i.e. 20192049. The Excel work- book (on the course website) has set up the Solow model with TFP and population growth. The US. forecast is already done. a. Using the data on the course website, compute the growth rate of TFP and the population for China and for the United States for 19992019 (note that we are not including the Covid years). Also compute the average investment share for China and the United States over this same period. Growth rate Average 19992019 TFP Population I / Y China United States
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