Econ Assignment3

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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%?

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Econ Assignment3

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