The Black Death in the fourteenth century decimated European populations by up to 50 percent. Consider...

 

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The Black Death in the fourteenth century decimated European populations by up to 50 percent. Consider a special case of the Romer model presented in class with = A= 1 and assume that only workers were affected by the plague, but not researchers. Use this version of the Romer model to answer the following three questions. Question 39 Briefly describe the effect of this occupation-specific calamity on short-run GDP. Your Answer: Question 40 Your Answer: Not yet graded/ 1 pts Briefly describe the effect of this occupation-specific calamity on short-run GDP per capita. Question 41 Not yet graded/ 1 pts Your Answer: Not yet graded/ 1 pts Briefly describe the effect of this occupation-specific calamity on the growth rate of knowledge A₁. The Black Death in the fourteenth century decimated European populations by up to 50 percent. Consider a special case of the Romer model presented in class with = A= 1 and assume that only workers were affected by the plague, but not researchers. Use this version of the Romer model to answer the following three questions. Question 39 Briefly describe the effect of this occupation-specific calamity on short-run GDP. Your Answer: Question 40 Your Answer: Not yet graded/ 1 pts Briefly describe the effect of this occupation-specific calamity on short-run GDP per capita. Question 41 Not yet graded/ 1 pts Your Answer: Not yet graded/ 1 pts Briefly describe the effect of this occupation-specific calamity on the growth rate of knowledge A₁.

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Question 39 The occupationspecific calamity where only workers were affected by the Black Deat... View the full answer