mid2KEY - 1> technology is different....

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Answer Keys for the Second Mid Term 2 1 A 5 B 9 D 13 A 2 D 6 B 10 B 14 A 3 C 7 C 11 A 4 D 8 A 12 C 15. All growth rates are δ a sAB 1 . 16. a a P R y y = 1 15 64 * * 17. Set a to be 1/3, then 2 15 64 1 a a . 18. 16 15 64 2 implies that 3 2 = a 19. It can be explained by difference in A. A might varies if
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Unformatted text preview: 1> technology is different. 2> institution is different. 3> human capital is different across country. 20. 18 . = r , 23 = P , 694 = C , and 110 = I 21. 1967 . = r , 23 = P , 667 . 690 = C , and 667 . 101 = I...
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