Question: Question 7 (16 points) Consider the following statement made by a politician: Derring a larger share of national output to investment would help restore rapid

Question 7 (16 points) Consider the following statement made by a politician: "Derring a larger share of national output to investment would help restore rapid productivity growth and rising living trandards What are the short run and long nin effects of devoting larger share of national output to investment? Explain Part 4: Extra credit question (15 bonus points) Question 8 (15 bonus points) Suppose s=02, 8+0.01.0-0, and y=vk. Complete the following table ok Year 0.25 1 5 0.75 25 2 25.75 3 Question 7 (16 points) Consider the following statement made by a politician: "Derring a larger share of national output to investment would help restore rapid productivity growth and rising living trandards What are the short run and long nin effects of devoting larger share of national output to investment? Explain Part 4: Extra credit question (15 bonus points) Question 8 (15 bonus points) Suppose s=02, 8+0.01.0-0, and y=vk. Complete the following table ok Year 0.25 1 5 0.75 25 2 25.75 3

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