4) Answer True or False, and then explain briefly. The key part of the answer is the

explanation. You may include diagrams and make any reasonable assumptions you feel are

necessary.

b) One of the Inter-American Development Bank's (IADB) objectives is that its staff think

about why Latin America has displayed lower growth in productivity than other regions,

and what can be done about it. Malthus and Solow would agree that if its concern is to

improve output per capita, the IADB is putting too much emphasis on productivity.