Question: 5. Solow-Swan Growth Model (2 MARKS) (Maximum length: half-page) China India United Japan Germany Russia States Total R&D/ GNP 1.32 1.23 2.69 2.98 2.48 1.00

5. Solow-Swan Growth Model (2 MARKS) (Maximum length: half-page) China India United Japan Germany Russia States Total R&D/ GNP 1.32 1.23 2.69 2.98 2.48 1.00 Figure 1: Research and Development (R&D) expenditures as a percentage of Gross National Product (GNP) Given the data above, how would you rank the countries above in terms of predicted future real GDP per capita growth? Explain your

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China India United Japan Germany Russia States Total R&D/ GNP 1.32 1.23 2.69 2.98 2.48 1.00 Figure 1: Research and Development (R&D) expenditures as a percentage of Gross National Product (GNP)

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