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- What does it mean for a steady-state to be unstable (a.k.a, a source)?Explain................ in economicsplease type the answer by computer, so i can see it clearly, thank you!!! Please answer in detail Determine whether the following statement is True, False, or Uncertain, and explain your answer. Statement: The Solow model suggests that economic growth is always and everywhere the result of sustained technological innovation1. 2. Explain why macroeconomic analysis is particularly concerned with issues of economic growth, unemployment, inflation, and balance of payments? "Economic growth does not necessarily reduce the number of unemployed workers". Explain this statement.
- Write down and briefly discuss the six Kaldor stylized facts about economic growth in the time series dimension. And include graph/table of data used for analysis. Please help me answer this showing with graph/table with explanation. I need it. I'll rate you helpful I promise.how business cycle models and growth models are connected at the frontierof macroeconomics.Question One. Answer the following pertaining to the growth theories. a) Derive the elasticity of the balanced-growth-path level of output with respect to savings rate. b) The Romer growth model assumed that growth rates if capital and knowledge are endogenously determined. Derive the growth rates of capital and knowledge. I want a answer in 15 min
- Consider an economy that begins in a steady-state. Then an asteroid destroys two third of the capital stock. Using Solow model, draw a graph to explain how the economy behaves over time. Draw another graph indicating how output progresses over time, and demonstrate what happens to the level and growth rate of per capita GDP. By how much does the output decline when the capital stock falls by two third? Please include a description of what's happening on the graphs.How do I calculate average percent growth of Real Per Capita GDP using FRED database for years 1950-1999 and 2000-2019?E. DISCUSS HOW THE “STAGES OF GROWTH FRAMEWORK EXPLAINS ECONOMICSTRUCTURAL CHANGE.
- Xx What is neoclassical growth model of economic growth?What are the three eras regarding the history of human population growth, and what arethe characteristics of each era? According to Galor and Weil (2000), what are the majoreconomic forces that drive the transition from a Malthusian economy to a modern growtheconomy?Suppose, due to the effects of a military conflict that has ended, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend to occur as the economy adjusts to this situation? Question 5Select one: A. a relatively low growth rate for some time B. a relative high growth rate for some time C. zero growth for some time, followed by a gradually increasing growth rate D. positive growth, followed by negative growth, and then zero growth E. none of these