In class we assumed that the rate of population growth "n" was a constant. This was true for the Solow-Swan growth model as well as for the AK model. Imagine now that the rate of population growth is a function of k. а. Do you think fertility should be a function of k? An increasing or decreasing function of k? (Think of the costs and benefits of having children, and the reasons that lead people to purchase and produce kids) In the real world, do rich societies have larger or smaller fertility rates? b. Do you think mortality should be a function of k? An increasing or decreasing function of k? In the real world, do rich societies have larger or smaller mortality rates? Do you think net migration is a function of k? An increasing or decreasing function of k? In the real world, do rich societies tend to receive or to send migrants? с.

In class we assumed that the rate of population growth "n" was a constant. This was true for the Solow-Swan growth model as well as for the AK model. Imagine now that the rate of population growth is a function of k. а. Do you think fertility should be a function of k? An increasing or decreasing function of k? (Think of the costs and benefits of having children, and the reasons that lead people to purchase and produce kids) In the real world, do rich societies have larger or smaller fertility rates? b. Do you think mortality should be a function of k? An increasing or decreasing function of k? In the real world, do rich societies have larger or smaller mortality rates? Do you think net migration is a function of k? An increasing or decreasing function of k? In the real world, do rich societies tend to receive or to send migrants? с.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 10CQ

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Problem 2 In class we assumed that the rate of population growth "n" was a constant. This was true for the Solow-Swan growth model as well as for the AK model. Imagine now that the rate of population growth is a function of k. Do you think fertility should be a function of k? An increasing or decreasing function of k? (Think of the costs and benefits of having children, and the reasons that lead people to purchase and produce kids) In the real world, do rich а. societies have larger or smaller fertility rates? Do you think mortality should be a function of k? An increasing or decreasing function of k? In the real world, do rich b. societies have larger or smaller mortality rates? Do you think net migration is a function of k? An increasing or decreasing function of k? In the real world, do rich societies tend to receive or to send migrants? С. Imagine that n is a DECREASING function of k. Draw the savings and depreciation lines in the Solow-Swan models. d. In class we showed that, with…
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