Thank you for your solution to question 1. Please solve question 2 & 3. 189Intermediate Macroeconomics, Chapter 7is or is not consistent with the predictions of the Solow growth modelwith population growth, which takes fertility as exogenously given. Inrelating the graph to the Solow model with population growth be ex-plicit about the assumption you are making for your argument.2. Now view the graph through the lens of the proverty trap model withendogenous fertility. Use the figure to argue that it supports (or doesnot support) the claim that fertility fell in the developing world between1960 and 2013 because of income gains over this period.3. Finally, use the graph to support (or contradict) the hypothesis thatthe wordwide spreading of population-control programs, such as thoseassociated with the Population Council founded by John D. RockefellerIII, explains the observed decline in fertility between 1960 and 2013. output per capita, +1721 – 1, in SG, CG,Yt/Ltbits (Exercise 7.2 (Endogenous Fertility). The figure shown below, which is takenil colperfrom Silva and Tenreyro (2017),² plots the total fertility rate against realcapita income for 88 countries in 1960 (circles) and in 2013 (triangles).Figure 3Fertility-Income Relation in 1960 and 2013O 1960A 2013-- Fitted line 1960Fitted line 20136.1455403 2,98122,626162 755GDP per capita (US$)Source: Authors using data from the World Development Indicators database.Note: For a sample of 88 countries, the figure shows the scatterplots and fitted line (that is, the lowesssmoothed relationship or locally weighted smoothing function) between the total fertility rate and log ofper capita GDP (in constant 2005 US$) in 1960 and 2013. The x-axis is log scale.1. Describe in words what the figure reveals about the relationship be-tween the level of income per capita and fertility in 2013 across countriesbodo and discuss to which extend the empirical relationship observed in 20132Tiloka de Silva and Silvana Tenreyro, "Population Control Policies and Fertility Con-vergence," Journal of Economic Perspectives, Volume 31, Number 4, Fall 2017, pages205-228.Total fenility rate

output per capita, Ye/Lt Exercise 7.2 (Endogenous Fertility). The figure shown below, which is taken from Silva and Tenreyro (2017),? plots the total fertility rate against real per capita income for 88 countries in 1960 (circles) and in 2013 (triangles). Figure 3 Fertility-Income Relation in 1960 and 2013 o 1960 A 2013 Fitted line 1960 Fitted line 2013 55 403 2.981 7 22,026 162,755 GDP per capita (US$) Source: Authors using data from the World Development Indicators database. Note: For a sample of 88 countries, the figure shows the scatterplots and fitted line (that is, the lowess smoothed relationship or locally weighted smoothing function) between the total fertility rate and log of per capita GDP (in constant 2005 US$) in 1960 and 2013. The x-axis is log scale. 1. Describe in words what the figure reveals about the relationship be- Ress tween the level of income per capita and fertility in 2013 across countries Lodu and discuss to which extend the empirical relationship observed in 2013 2Tiloka de Silva and Silvana Tenreyro, "Population Control Policies and Fertility Con- vergence," Journal of Economic Perspectives, Volume 31, Number 4, Fall 2017, pages 205-228. s an lo roioer Total fetility rate

output per capita, Ye/Lt Exercise 7.2 (Endogenous Fertility). The figure shown below, which is taken from Silva and Tenreyro (2017),? plots the total fertility rate against real per capita income for 88 countries in 1960 (circles) and in 2013 (triangles). Figure 3 Fertility-Income Relation in 1960 and 2013 o 1960 A 2013 Fitted line 1960 Fitted line 2013 55 403 2.981 7 22,026 162,755 GDP per capita (US$) Source: Authors using data from the World Development Indicators database. Note: For a sample of 88 countries, the figure shows the scatterplots and fitted line (that is, the lowess smoothed relationship or locally weighted smoothing function) between the total fertility rate and log of per capita GDP (in constant 2005 US$) in 1960 and 2013. The x-axis is log scale. 1. Describe in words what the figure reveals about the relationship be- Ress tween the level of income per capita and fertility in 2013 across countries Lodu and discuss to which extend the empirical relationship observed in 2013 2Tiloka de Silva and Silvana Tenreyro, "Population Control Policies and Fertility Con- vergence," Journal of Economic Perspectives, Volume 31, Number 4, Fall 2017, pages 205-228. s an lo roioer Total fetility rate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...

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