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a) What is Kuztnets Paradox and how does it get solved in Relative income hypothesis. Explain the cross- sectional and longitudinal method? (Marks : 5

a) What is Kuztnets Paradox and how does it get solved in Relative income hypothesis. Explain the cross- sectional and longitudinal method? (Marks : 5 points)

b) In the endogenous Romer model, explain the role of (theta) and its influence on growth ( >1 and <1 and =1) ( Marks : 5 points)

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