Problem
1. Why is knowledge nonrivalrous?
2. What two factors affect the growth rate of income and consumption in the endogenous growth model?
3. If the government could increase the rate of growth of consumption, should it? Why or why not?
4. Is there convergence in the levels and rates of growth of per capita income in the endogenous growth model? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.