Problem
1. Is the following statement true or false? Explain your answer. "Abundant natural resources are a necessary condition for economic growth."
2. What is the growth rate for an economy in which there is no growth of resources but TFP grows at a rate of 1 percent per year?
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.