Assignment
a. What is the Solow Growth Model?
b. What are the main factors of the Solow Growth Model?
c. Calculate the following using the Rule of 70:
d. How many years will Vietnam grow with a GDP of $260 billion dollars at a growth rate of 7%?
e. How many years will India grow with a GDP of $3 trillion dollars at a growth rate of 3%?
f. How many years will the U.S. grow with a GDP of $19 trillion dollars at a growth rate of 1.9%?
g. How many years will Colombia grow with a GDP of $323 billion dollars at a growth rate of 4%?
h. How many years will Ukraine grow with a GDP of $153 billion dollars at a growth rate of 2%?
i. How many years will the Ghana grow with a GDP of $67 billion dollars at a growth rate of 6%?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.