Question
The Solow Growth Model
Write a six (6) page paper that answers the following:
*Discuss the three (3) basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions.
*Analyze the effects of an increase in population growth on the growth rate of capital per worker.
*Describe the effects of a decline in the labor participation ratio on the growth rate of capital per worker with the population growth rate held constant.
Analyze the effects of a positive technology growth rate on the growth rate of capital per worker.
The format of the paper is to be as follows:
