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Prior to the Pandemic, former President Donald Trump was credited for the booming US stock market on account of dismantling a large amount of government

Prior to the Pandemic, former President Donald Trump was credited for the booming US stock market on account of dismantling a large amount of government regulation, particularly with respect to the environment.

  1. Explain how this action increases TFP. Full credit requires an example using a production function. (15 pts)
  2. Using the Combined Malthus and Solow model, show how this policy change affects a country that has not started the process of economic growth and another country that started the process a long time ago. (10 pts)

Plz answer it ASAP! Thank you!!!

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