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

f). The notion of conditional convergence states that two countries that have the same population growth and access to the same level of technology will reach a steady-state equilibrium at

• different levels of output but the same growth rate, if their savings rates are different
• different levels of output and different economic growth rates if their savings rates are different
• the same level of output and the same economic growth rate, even if their savings rates are different
• the same level of output but different economic growth rates if their savings rates are different
• the same level of output and the same economic growth rate if their savings rates are the same but their rates of depreciation differ

g). Between 1966 and 1990, all four "Asian Tigers" achieved economic growth mostly through

• hard work and sacrifice
• protecting domestic industries through tariffs
• substantially increasing growth in total factor productivity
• controlling population growth
• a large degree of government intervention

h). Assume an endogenous growth model with labour augmenting technology. The production function is Y = F(K,AN) with A = 2(K/N), so y = 2k. If the savings rate is s = 0.05 and there is neither population growth nor depreciation of capital, what is the growth rate of output?

• 0%
• 2.5%
• 5%
• 10%
• 12.5%

i). Assume an endogenous growth model with labour augmenting technology. The production function is Y = F(K,AN), where A = 2(K/N) such that y = 2k. If the savings rate is s = 0.06, the rate of population growth is n = 0.05, and the rate of depreciation is d = 0.04, then the growth rate of real output per capita is

• 1%
• 3%
• 5%
• 6%
• 9%

j). Assume India's income level is now roughly 15% of that of Canada. India is growing at 2% annually. Assuming there is no change in the savings rates and the levels of technology of these two countries, how many years will it take for India to reach 30% of the Canada's current income level?

• 10
• 20
• 25
• 35
• 50