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MIULEI Ill IZLUH 04 1H'illtllllllll: 5 LEI) U1I You have BU minutes. There are 30 points in total. If you feel mat you need a
MIULEI Ill IZLUH 04 1H'illtllllllll: 5 LEI)" U1I You have BU minutes. There are 30 points in total. If you feel mat you need a calculator to answer the questions, then you are on the wrong track. Please answer in full sentences and label pictures generously. Always justify and explain your answers, e.g. never just write Yes or No. He concise. GOOD LUCKll Question 1. [4 points] We learned about two ways to measure inequality. Name the two and tell me how to calculate them Question 2. [4 points] Name and explain two proximate factors why the Spaniards managed to conquer the Inca Kingdom. Question 3. [5 points] A. Briey explain the Solow Model set up and the main assumptions- Don't forget to draw a picture- E. Assume now that the depreciation rate delta increases a little. What will happen to lire new steady state level of capital per capita? Drawa picture. C. Think about the following statement "to get unlimited growth we just have to keep increasing The capital stock". What does the Solow model have to say about this statement? Explain. Question 4. [1D points} A. What is Diamonds \"starting line\"? And why does he need it for his argumentftheory? B. Why did most large mammals go extinct in for instance America and Australia but not in Africa? C. What is the Fertile Crescent? Why did agriculture start there? Question 5. [5 points]
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