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This question explores some of the points discussed in Topic 3 (Romer model). It is also designed to test your understanding of Chapter 6 of

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This question explores some of the points discussed in Topic 3 (Romer model). It is also designed to test your understanding of Chapter 6 of the prescribed textbook. Consider the simple Romer model developed in lectures with the following values for parameters: 2': 0.003 y=0% L = 900 A0 = 7 a) How fast are ideas growing in this economy in percentage terms? How many workers are being employed in the goods sector

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