Question
i have asked this question 8 times, and they were all wrong..... i will dumbify it even more , answer based on equations , answer
i have asked this question 8 times, and they were all wrong.....
i will dumbify it even more , answer based on equations , answer only if ur familiar with the topic PLEASE if ur not just dont try
length of answer is like follows :
Due to covid 19 , productivity (y) will decrease and deprecation (A) will increase , this is because saving equals to Invesment and............................................................................................................................................................................................................................................................................................................................................................................................................this is the length i need
6) Based on the AK Model of Endogenous Growth and the article, how do you expect covid-19 to affect economic growth only answer if ur familiar with the model, dont menion inflation but rather focus on the components of the ak model below Theories of Endogenous Growth From where does economic growth come from? Endogenous Growth Theories Possible solutions: Big Push The AK Model (one of many) External in Human Capital (HK) HK exhibits externalities: an increase in HK offsets diminishing marginal returns to physical capital Investment is possible in physical or human capital . No diminishing returns to total capital . No convergence predicted (Y=AK) A=total factor productivity, K= (physical) capital + human skills Y=AK where K includes both physical and human capital with I = S -> then 1 = AK+ SK=SY=SAK AK/K=SA=S and AY/Y=AA/A+AK/K I=S SK+AK= SAK (Y) can get us to the growth rate of capital (how fast is capital growing) AK=SAK-sK divided by K AK/k = sA-S (growth rate of capital) Y = AK (AY/Y = AA/A + AK/K) - higher economic growth Economic Growth Theories Results: . Growth as a consequence of the long run equilibrium Growth depends on savings rate, depreciation rate, productivity, and productivity growthStep by Step Solution
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