Figure 5.8: Economic Growth Rates in France, Germany, and Japan 1951-2010
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider the data in Figure 5.8, which shows the growth rates for three countries that were involved in World War II. How does the basic Solow model explain the trends in growth rates for each of these countries?

Question

Figure 5.8: Economic Growth Rates in France, Germany, and Japan 1951-2010  
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider the data in Figure 5.8, which shows the growth rates for three countries that were involved in World War II. How does the basic Solow model explain the trends in growth rates for each of these countries?

Quizplus · Accepted Answer

The Answer of Figure 5.8: Economic Growth Rates in France, Germany, and Japan 1951-2010  
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider the data in Figure 5.8, which shows the growth rates for three countries that were involved in World War II. How does the basic Solow model explain the trends in growth rates for each of these countries?

Figure 58: Economic Growth Rates in France, Germany, and Japan 1951-2010