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Please help me check whether my answers are correct for these two questions. And please offer explanation. Thanks! 3) An earthquake hit the economy in

Please help me check whether my answers are correct for these two questions. And please offer explanation. Thanks!

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3) An earthquake hit the economy in year t + 1, which was in the steady state in year t. While some factories are destroyed, fortunately, no causalities are reported (i.e., no one died). Explain what will happen to output and capital in the future graphically. Depreciation Depreciation output I Output per worker Capital J 71 2 212 4) Under the scenario assumed in 3), compare the capital to output ratio, #, in year t + 1 to that in year t. (HINT: = YIN' K - R/N is the reciprocal of slope in part (3 ) XIN " Assume slope for + year is a1, slope for tH year is (2 brosmyit capital to output ratio in yeart is bigger than yea https://www.coursehero.com/file/68190686/PracticeQuestions-Finalpdf/

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