Description

The Solow Growth Model Write a four to six (4-6) 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: Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format. Use headers for each of the subjects being covered, followed by your response. In addition to the four to six (4-6) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor’s name, the course title, and the date. --