Renovation tax credit and increased economic growth

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Question 1.

Based on the economic growth model seen in class, clearly explain the link between implementing a renovation tax credit and increased economic growth?

Question 2.

If we consider the marginal returns to capital and the steady state, explain why we must differentiate the short term from the long term in terms of economic growth for Quebec or any developed country?

Question 3.

According to the model of economic growth seen in the course, how does the impact of innovation (technological knowledge) and education on economic growth differ from that of investments in physical capital?

Question 5.

Using the distinction between real and nominal variables, explain why is it a problem that the growth in education spending is lower than the level of inflation?

Question 6.

Indicate what type of capital education spending has an impact on.

Reference no: EM133377405

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