1) What is the Solow Growth Model?
2) What are the main factors of the Solow Growth Model?
Calculate the following using the Rule of 70:
3) How many years will Vietnam grow with a GDP of $260 billion dollars at a growth rate of 7%?
4) How many years will India grow with a GDP of $3 trillion dollars at a growth rate of 3%?
5) How many years will the U.S. grow with a GDP of $19 trillion dollars at a growth rate of 1.9%?
6) How many years will Colombia grow with a GDP of $323 billion dollars at a growth rate of 4%?
7) How many years will Ukraine grow with a GDP of $153 billion dollars at a growth rate of 2%?
8) How many years will the Ghana grow with a GDP of $67 billion dollars at a growth rate of 6%?