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2. What are two key differences between the Malthusian and Solow models of economic In the Solow growth mode, suppose that th

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y = f(K) = 213 8.444 = (+n)* 0.2X1XK = (0.1 +0.02).k 6.2 K3 = 0.12.K (62) = 28.7 0.7 r K= 2:06 6.2 y = 1x12.061063 y = [1:24tthe solow model here contradict the Malthus proposition of production. Malthus does not assume that there will be rise in the productivity. Solow model predicts the rise in technological innovation which increases production and population high growth is sustained.

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