the average growth rate of GDP per capita that I calculated is 0.0075 and the annual growth rate of population =(19700/7171)^33-1 can you help me to solve these question. i really do not understand these big quesiton.
A. Return to the Maddison Datasat and find the tab labelled, 'population." Calculate the annual growth rate of the population of your assigned country between 1985 and 2018. Report youranswer and the country you were assigned here. Show your work. (5 points) B. Is the growth rate of the population higher or lower than the growth rate o'l GDP per Capita you calculated for question 1? BaSEd on what you know about GDP per capita growth over the last 500 years. does your country {it the expected pattern for GDP per capita growth? Explain. (5 points) C. Using the Cobb-Douglas production function. 1 3 M:Ah. at must be true for the combined growth rates of Total Factor Productivity (11, } and capital (K, ) so that the growth rate of GDP per capita (y, = Y; [Li ) and population growth rate you calculated in (a) foryour country to fxt the model? in other words. when combined are TFP and capital growth positive or gative given the observed population growth and the observed GDP per capita growth in your assigned country between 1985 and 2018. Show your work. (Hint: use the production function given above in growth rates and the denition of GDP per capital (*9; = 12/15, 1 to answer the question.) [15 points) D. Assume that any country with GDP per rapita higher than $38,000 in 2018 is on the balanced growth path. Given this assumption, which is likely rasponsible for the maiority of growth (negative growth in some cases) in your assigned country betweeu TFP (11 ) or capital accumulation (K, 1? Explain. (15 points) E. Using the principle of transition dynamics from the Solow model and the assumption that any country with GDP per capita higher than $38,000 in 2018 is on the balanced growth path, provide a graph and an explanation for how real wages in your country will change over the next 30 years {real wage is on the y-axis and time is on the x-axis}. Includes short explanation for your graph. All arguments should be based on the predictions oi the Solow model. This is not an opinion question. {30 points)
