2.1 Draw the aggregate production function. Why is the production function shaped the way you graphed...

 

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2.1 Draw the aggregate production function. Why is the production function shaped the way you graphed it? Explain your answer. 2.2 What is the total factor productivity? Explain the effect of an increase in total factor productivity and illustrate it on your graph in part 2.1. 2.3 As a percentage of GDP, capital formation in Thailand is higher than the US. List at least 3 policies that Thailand could adopt to encourage capital accumulation to promote economic growth further. 2.4 According to the 2019 World Malaria Report, Nigeria had the highest number of global malaria cases (25 % of global malaria cases) in 2018 and accounted for the highest number of deaths (24% of global malaria deaths). What policies can the Nigerian government pursue to address the issue and increase the productivity of its citizens? 2.1 Draw the aggregate production function. Why is the production function shaped the way you graphed it? Explain your answer. 2.2 What is the total factor productivity? Explain the effect of an increase in total factor productivity and illustrate it on your graph in part 2.1. 2.3 As a percentage of GDP, capital formation in Thailand is higher than the US. List at least 3 policies that Thailand could adopt to encourage capital accumulation to promote economic growth further. 2.4 According to the 2019 World Malaria Report, Nigeria had the highest number of global malaria cases (25 % of global malaria cases) in 2018 and accounted for the highest number of deaths (24% of global malaria deaths). What policies can the Nigerian government pursue to address the issue and increase the productivity of its citizens?