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Discussion the three variations of the Solow growth model (the basic Solow model, Solow model with population growth and the Solow model with technological progress).
- Discussion the three variations of the Solow growth model (the basic Solow model, Solow model with population growth and the Solow model with technological progress). Be sure to explain the relevant equations that form the foundation of each model as well as the predictions for the three variations of the model.
- how useful (or not) is the Solow model as an analytic tool for understanding the differences in developing and developed countries? and explain.
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