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economics questions help me...... its a complete question Solow-Swan Growth Model 1. Solow model as we have specified in our class: write down 5 endogenous

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Solow-Swan Growth Model 1. Solow model as we have specified in our class: write down 5 endogenous variables, 5 equations, and exogenous variables/parameters of the Solow model. Show and explain how the system of five equations can be reduced into one equation in understanding economic growth in this model economy. (Hint: What is the equation we use to draw the Solow-diagram?) (10 points) 2. Based on the equation you got from the question 1, draw the Solow-diagram. Be sure you clearly label each axis. Be sure to clearly indicate which part of graph comes from which part of equation. (8 points)Homework 4 1. According to the Solow growth model, what would the impact of increased immigration be on total income (total output)? And on income per capita? Answer this question with the help of a graph. 2. Explain why 'technology' has low excludabilityGraphically illustrate and explain the effects of a decrease in the saving rate on the steady-state level of capital and output per worker in the Solow growth model. In your graph, clearly label all curves and equilibria.(c) (3 points) The figure below is a plot of various countries' average growth rates from 1960 to 2011 against those same countries' GDP per capita in 1960. 10 8 BWA' GNAOR SGP 6 ...TWN EGROU HKG 4 CYP ITA :NOR GDP per capita growth 1960 to 2011 (%) AT MUS LEHL LUX TTOSR 2 FREEBIESIMEANIS NZL . . HE . . NAM VEN AGHA JAM NERIN -2 COD. - Average growth 4 5 10 15 20 GDP per capita in 1960 (thousands of 2005 $ PPP) Does the figure support the notion of unconditional convergence? Clearly explain why or why not.Consider a variation to the baseline Solow growth model without population or technological progress. The per-capita production function is given by yt = f(kt) = kta, where 0

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