Suppose the parameters of the Romer model take the following values: What is the growth rate of...

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Suppose the parameters of the Romer model take the following values:  	 		What is the growth rate of output per person in this economy? 		What is the initial level of output per person? What is the level of output per person after 10 years? 		Suppose the research share were to double. How would you answer parts A and B above? 	 	 
	
Document Preview: Suppose the parameters of the Romer model take the following values: A0=100, l=0.10, z=1500,and L=100What is the growth rate of output per person in this economy?What is the initial level of output per person? What is the level of output per person after 10 years?Suppose the research share were to double. How would you answer parts A and B above?

David · Accepted Answer

1. Suppose the parameters of the Romer model take the following values: �̅�0 = 100, ? ̅ =
0.10, ?̅ =
1
500
, ??? �̅� = 100 
A. What is the growth rate of output per person in this economy? 
B. What is the initial level of output per person?

Suppose the parameters of the Romer model take the following values: What is the growth rate of output per person in this economy? What is the initial level of output per person? What is the level of...

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