ECON202midterm1_s07

ECON202midterm1_s07 - ECON 202, SPRING 2007 MID TERM I...

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ECON 202, SPRING 2007 Malhar Nabar March 1, 2007 MID TERM I Instructions. The maximum score is 75. Please answer all FOUR questions. Show all your work. Simply writing down an answer (even if it happens to be the correct one) without an adequate demonstration of how you arrived at your answer will not get you full credit. Partial credit will be calculator. GOOD LUCK! 1. (Twenty Points) Evaluation of Solow Model with no population growth and no technological progress Consider the following picture which shows data on predicted steady state ratios of income (output) per capita relative to the US for a large set of countries plotted against the actual ratios of income (output) per capita relative to the US in 2000 . The predicted ratios are calculated under the assumption that the physical capital investment rate is the only source of di/erence across countries. Countries are assumed to have identical per worker productions,
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This note was uploaded on 06/15/2010 for the course ECON 202 taught by Professor Nabar during the Spring '08 term at Wellesley College.

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ECON202midterm1_s07 - ECON 202, SPRING 2007 MID TERM I...

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