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4. Suppose economy at the current period is given by k; : k0 where k0 is midpoint between 0 and 1553. Show, as lime goes
4. Suppose economy at the current period is given by k; : k0 where k0 is midpoint between 0 and 1553. Show, as lime goes by. how it, and y, change overtime. 5. Compare the following two economies A and B - Country A's average individual's educational attainment is 8 years while Country B's average individual's educational attainment is 12 years. Suppose everything else is the same. Both contries initial lm : tT\". Compare km.\" and 55533 and also 3'.wa and ysg. Explain the role of savings rate and average educational attainment play in the level of income per capita at the steady state. 6. Evaluate the following statement that the most important thing for economic growth is to promote 'investment" in various forms according to Solon.r grmvth model. '3". The solow model we have studied up to now is in many ways capital-based theories of economic growth as it focuses on modeling the accumulation of physical and human capital. However. it is said that the model emphasizing the importance of technology. Why
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