Please aid in answering the bolded questions (b,d and e) Question 6a. Graphically depict the Golden rule level of capital. Label all points clearly. b. Explain the concept of the Golden rule level of capital. c. Why might the Golden Rule steady state be preferred to the initial steady state?d. Look at the hypothetical data below:Real GDP per capitaNigeria $1,000Mexico $8,000China $15,000United States $33,000Fact is, changes in income over time explains economic growth of a country. Using two sources of growth, account for the large differences in income per capita across these countries?e. Discuss three policies governments can use to promote economic growth.

QUESTION 10 Consider the scenario given in the table below for two economies, Economy X andEconomy Z. Note that the two economies are identical in every aspect except for their level of productivity (A). A Ko No In ak S Economy X Economy Z 20 15 10 1 0.15 0.3 0.1 10 1 0.15 0.3 0.1 The GDP of economy X in period 10 (i.e., Y10) is equal to (Round your answers to 1 decimal point.)

Problem 4 a) Prof Andrew described steady states as "horrible places to be." Was this claim absolute or relative? Do countries having steady states that are lower in the capital have worse living qualities? b) Imagine a world where there are "n" countries with different levels of capital, k. They all share the same saving level, birth rate, and the same GDP per capita function. The only thing that differs is their depreciation rate. In this world, how does the distribution of income in the short term and long term look like? Think about the shape it would take.

Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?

An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?

In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million. In 2000, Denmark had 3 GDP of 160 billion (measured in U.S. dollars} and a population of 5.3 million. By what percentage did Denmarks GDP per capita rise between 1980 and 2000?

Real Consumption westion 1 The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area 2. at yet swered rked out of Economy B 2% growth Area 2 Flag question Еconomy A 1% growth Area 1 Year X Year Y Time FIGURE 25-1 Refer to Figure 25-1. Which of the following statements about Economies A and B is correct? Select one: O a. Economy B will sustain higher material living standards than Economy A in the long run. O b. Economies A and B will have equal material living standards beginning at Year Y. O C. Economies A and B will have equal material living standards beginning at Year 0. O d. Economy A will sustain higher material living standards than Economy B in the long run. O e. Economies A and B will have equal material living standards beginning at Year X. In a macro model with a constant nrice levelan increase in government nurchases will cause the AF curve to shift E 2°C Light rain/snow 13:01 on 2 C )…

1. Discuss the limitations of the use of the Gross Domestic Product(GDP) as a measurement of socio-economic development.

a. What do you understand by Real GDP? What is the Real GDP Growth Rate of India andChina in 2019? What is the estimated real GDP growth rate of India and China in 2020?What is the projected real GDP growth rate of India and China in 2021 and 2022? b. What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels(January 2020 forecast) in China and Other Emerging Economies in Asia other thanChina

K Consider the following data: Country A B C Population (millions) 11 20 4 B C What is the per capita real GDP in each of these countries (Enter each response rounded to the nearest integer)? Country Per Capita Real GDP $6,500 Real GDP ($ billions) 52 59 75 $  Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer.  Take care of plagiarism. Answer completely. You will get up vote for sure.