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Read Greg Mankiw, Romer and Wiel's article in The Quarterly Journal of Economics.
https://www.amenezes.uac.pt/macroeconomiaII/macroeconomiaII_20062007/papers/mrw1992.pdf
https://eml.berkeley.edu/~dromer/papers/MRW_QJE1992.pdf
1. Many economists think the Solow Growth Model is of limited use. Does the Solow model give "...the right answer to the questions it is designed to address?"
2. Why is human capital important when testing the Solow model against the data?
3. Explain how the authors conclude that the incomes of the world's nations are converging?
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Explain why the general level of incomes is high in the united states also other industrially advanced.
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Suppose the Tooth Fairy paid 50 cents for a tooth in 1970. The CPI in 1970 was 38.8, while the CPI in 2010 was 218.1. What is the value of the Tooth Fairy’s payment in 2010 dollars?
q1. when you were a child living at home your parents or guardians paid for the food utilities and clothes that you
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