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Referencing Textbook: Economic Growth (3rd Edition) by David N. Weil is James and Merryl Tisch Professor of Economics, Brown University, USA 23. The Malthusian model

Referencing Textbook: Economic Growth (3rd Edition) by David N. Weil is James and Merryl Tisch Professor of Economics, Brown University, USA

23. The Malthusian model and its assumptions. Which variables are endogenous and which are exogenous in this model? What key component drives the dynamics in this model? When does the steady state occur in this model?

Please explains the concept by simplify it as possible.

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