2. If 80% was initially in the traditional sector and it grew at 2% per year, and 20% was in the modern, growing at 5% per year, what percentage would be in each sector after 16 years (table below)? Sector X:0.755 3 sector y: 0.245 Y: What would be the growth rate of the entire economy be in that 16th year? Part 2-Short answer: 5 points each. (If you answered in CANVAS, write "Answered in CANVAS and return Paper) 1. In the dual sector model discussed in class what industries were in the traditional sector during the 1st IR? What industries were in the modern sector? Traditional: Coal mining, furning Modern: Manufacturing Year CV AWN - 2 4 5 7 8 9 X150.156 10 11 12 13 14 15 Units of X Units of Y Total Units 20.000 21.000 22.050 23.153 24.310 25.526 26.802 28.142 29.549 31.027 32.578 34.207 133.677 35.917 137.376 141.202 145.157 80.000 81.600 83.232 84.897 86.595 88.326 90.093 91.895 93.733 95.607 97.520 99.470 101.459 103.489 37.713 105.558 39.599 % of Sector X of Total 100.000 0.800 102.600 0.795 105.282 0.79