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Q1:n+8 You know the Cobb-Douglas production function in per-worker terms is: f(k)=Ak. And the steady-state level of output per worker given the effect of population growth is: A(1²)( :)(1-a). Suppose there are two countries of i and j that have the same values for A (productivity parameters), y (which measures the fraction of output that is invested), and 8 (which measures depreciation). Let n; and n; denote their growth rates of population (n; + nj). 1) Write the equation for the steady state levels of output per worker in each country. 2) Write the expression for the ratio of steady-state income in country i to steady state income in country j. 3) If = 5%, α= 1/3, n₁ = 0% and n; = 4%, then calculate the ratio of steady-state income in country i to steady-state income in country j.See Answer
Q2:A. You have been mandated by a Senior Public Official who has the responsibility for science and technology in your country, to prepare an empirically sound document which seeks to assess the role of science and technology industry in Jamaica. Evaluate the policies that have been instituted by the government to ensure science and technology enhance economic development. 2023/2024- Semester 1 [Caribbean Economic Development] PROJECT PARAMETERS The under-mentioned is a listing of what is generally expected of each group. BACKGROUND Under this heading, students are required to provide a general overview of the science and technology in the Caribbean. You are also expected to provide appropriate definitions for technology invention and technology innovation. (10 marks) PURPOSE OF THE STUDY Under this section, you are expected to provide a brief description of the purpose of the study, i.e., you will formulate the problem statement, which will clearly articulate the problem from your research perspective. Further, you will provide justification for undertaking this project. In doing so, you will be required to provide a concise statement that explains what the study intends to accomplich 6 marke)/nAPPROACH TO THE STUDY In the approach to the study, you are required to outline the methods or instruments used in carrying out the research assignment. You need to indicate the rationale for selecting the method. Special emphasis MUST be placed on the following areas: i. Questionnaire ii. Formal or informal interview iii. Articles, Journals and other on-line sources iv. Any other relevant method as deemed necessary (5 marks) If questionnaire is issued, please provide a copy of the questions FINDINGS, CONCLUSION AND RECOMMENDATIONS Please present your findings clearly and cogently, adhering to social sciences empirical procedure? What recommendations would you give to the government regarding the development of science and technology? Note well that your conclusion and recommendations will emanate from the information garnered from your research. (20 marks) PRESENTATION Neatness, inclusion of bibliography, typed using Times New Romans 12, pages numbered, contents, use of appendix if necessary and proper in text citations. It is recommended that the APA style of referencing be used. (5 marks) (Total 45 marks)See Answer
Q3:You know the Cobb-Douglas production function in per-worker terms is: f(k)=Ak. And the steady-state level of output per worker given the effect of population growth is: A(-a)(_)(1-a). Suppose there are two countries of i and j that have the same values for A (productivity parameters), (which measures the fraction of output that is invested), and 8 (which measures depreciation). Let n; and n; denote their growth rates of population (n; # nj). 1) Write the equation for the steady state levels of output per worker in each country. 2) Write the expression for the ratio of steady-state income in country i to steady state income in country j. 3) If = 5%, a= 1/3, n₁ = 0% and n; = 4%, then calculate the ratio of steady-state income in country i to steady-state income in country j.See Answer

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