ECON2102 - Assignment 1 - SolutionsQ3Q4V2.pdf - c Copyright...

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QUESTION 3 This question aims to explore 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: ࠵?̅ = 0.003 ࠵? = 0.25 ࠵? = 900 ࠵? ! = 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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