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What is the loanable funds market?

What is the loanable funds market?

1.What is the loanable funds market? (20 points)

 

  1. How do resources and technology contribute to economic growth?(20 points)

 

  1. What is the Solow growth model?(20 points)

 

  1. What is aggregate demand?(20 points)

 

  1. Fill in the blanks.(10 points)
Year Nominal Interest Rate Real Interest Rate Inflation Rate
2019 7%   1%
2020   5% 1%

 

 

Note:

(1) Real interest rate= nominal interest rate- inflation rate

(2) Nominal interest rate=real interest rate+inflation rate

 

 

 

  1. What is the economic growth rate?(10 points)

 

 

Economic growth rate Nominal GDP growth rate Inflation rate Population growth rate
  4% 1% 2%

 

Note:

 

Economic growth rate=nominal GDP growth rate-inflation rate-population growth rate

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