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- May I know why the endogenous growth model that represents standard of living and economic growth is drew in a straight line? Why it is a straight line?How does endogenous growth theories provide a greater understanding of the process of economic growth?What are the disadvantages/limitations of Endogenous growth theories
- How can we prevent population growth?0.25 0.10 0.20 0.15 0.25 If your initial distribution of countries from lowest GDP to highest GDP is shown above, and you then estimate a Markov steady state and show that in the future, the distribution will look like this, you have evidence of what? 0.50 0.50 O Economic Convergence O Economic Divergence O Spatial Dependence O Temporal HomogeneityWhat immediate consequence does an increase in education have in the endogenous growth model with human capital? What does it do in the long run?