Please help me with the following multiple choice questions. Just select the correct answer please you do not need to do/show unnecessary work.

a). Hong Kong and Singapore achieved high economic growth between 1966 and 1990. Which of the following characteristics did these two countries NOT have in common?

• a fairly stable government
• a very low degree of government intervention
• industries were encouraged to export and compete in world markets
• increases in labor force participation rates
• great investments in human capital

b). Assume an endogenous growth model with labour augmenting technology. The production function is Y = F(K,AN), with A = 2(K/N) such that y = 2k. If the savings rate is s = 0.08, the rate of population growth is n = 0.03, and the rate of depreciation is d = 0.04, what is the growth rate of output per capita?

• 1%
• 3%
• 4%
• 7%
• 9%

c). Assume an endogenous growth model with labour augmenting technology and a production function of the form Y = F(K,AN), where A = 1.2(K/N) such that y = (1.2)k. If the savings rate is s = 0.15 and the rate of depreciation is d = 0.05, how high does population growth (n) have to be to achieve a growth rate of 10 percent?

• 15%
• 12%
• 10%
• 5%
• 3%

d). Which of the following economists did NOT significantly contribute to the debate on exogenous versus endogenous growth?

• Robert Barro
• Gregory Mankiw
• Robert Lucas
• David Ricardo
• Paul Romer

e). Assume a production function with only two inputs, capital and labour. In this case, the concept of a diminishing marginal product of capital implies that

• as less capital is being used, more and more labour has to be employed to increase output
• as both labour and capital inputs are increased, output increases but at a decreasing rate
• as the amount of capital is increased and the amount of labour remains fixed, output increases but at a decreasing rate
• as the amount of capital increases and the amount of labour remains fixed, output cannot increase
• labour inputs have a bigger impact on increasing output than capital inputs