Macroeconomics: Solow Model, Romer Model, endogenous model

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Define “balanced growth path.”Discuss any two predictions of the Solow model.Show that the steady state output per worker in the Solow model is: Show that the change in capital stock is expressed as at the steady state. Explain why increasing returns to scale are incompatible with perfect competition. Why does this destroy the presumption that market equilibria are efficient?Why is there sustained growth in the Romer model, but not in the Solow model?Derive the balanced growth rate of ideas in the Romer model.

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