hi and thank you for helping.

Consider a country that is growing at a (continuously compounded) annual rate of 3% in terms of real GDP per capita, in 70 years, its real GDP per capita will be ______ times its initial value.

Select one:

A.8

B.4

C.16

D.6

Which of the following is/are true?

I.The aggregate production function in the Solow model satisfies decreasing returns to scale.

II.The aggregate production function in the Solow model satisfies constant marginal returns to individual factor.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.

Consider the Solow model. Consider an economy in its steady state. The technological growth rate is 2%. Population growth rate is 3%. Depreciation rate is 4%. Its real GDP per capita growth rate is

Select one:

A.9%

B.5%

C.7%

D.2%

Which of the following is/are true according to the Solow model?

I.Countries that have higher population growth rate, other things the same, have lower current real GDP per capita growth.

II.Countries that have higher population growth rate, other things the same, have lower steady state real GDP per capita growth rate.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.

Which of the following is/are true?

I.The Solow model predicts conditional convergence.

II.The Solow model does not predict absolute convergence.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.

Which of the following is/are true according to the Solow model (assume g=0 and E is normalized to 1)?

I.The Golden Rule of savings gives the highest steady state level of real GDP per capita among all steady states achieved by other savings rates.

II.The Golden Rule of savings gives the same steady state growth rate of real GDP per capita as those achieved by other savings rates.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.

Which of the following is/are true according to the Solow model (assume g=0 and E is normalized to 1)?

I.If MPK*>n+, this steady state is below the Golden Rule level of k.

II.Ifthe savings rate > capital share of income, MPK*>n+.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.

Which of the following is/are true according to the Solow model?

I.According to the Solow model, it is not optimal (not dynamically efficient) to have savings rate below the Golden rule.

II.According to the Solow model, only saving at the Golden rule savings rate is optimal in terms of dynamically efficiency.

Select one:

A.Only I is true.

B.Only II is true.

C.Both of the above are true.

D.None of the above is true.