What is the growth rate of output per person in Figure 6.2? What are the growth rates
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Figure 6.2
Figures 6.3
Figures 6.4
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Output per Person in the Romer Model Output per person, y (ratio scale) 1600厂 Constant growth 800 400 200 2000 2010 2020 2030 2040 205D 2060 207 208D Year Output per Person after an Increase in T Output per person, yt (ratio scale) 6,400 r Increase in population 1,60 00constant growth No change 100 2020 2040 2060 2080 2100 Year Output per Person after an Increase in c Output per person, y (ratio scale) 6,400 3,200 Increase In the research share B00 Constant growth No changg 400 200 100 2000 2020 2040 2060 2080 2100 Year
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Figure 62 It doubles every 20 years so by the rule of 70 wed guess the growth rate must b...View the full answer
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