1) 2) 3) 4) 5) What are the main conclusions of the Solow model? For this exercise, we will a production function of the form Y, = AthaLt1_\". Suppose that a = 0.3 and Y, = 184.67. Compute TFP if the capital is equal to 30 and labor is equal to 15? The per capita production function in an economy is y = 200k0'3. Assume that there is no population growth, it = 0. The depreciation rate, d = 0.05. Calculate the steady state capital intensity for different investment rate, more specically s = 0.2, 0.3, and 0.4. If country A has a growth rate of 6%, a growth rate of labor of 3%, a growth rate of capital of 8%, and a share of capital of 40%, calculate the total factor productivity growth of this country. Using the Solow diagram, show the impact on output per capita in the steady state caused by: a Increases in savings rate b Increases in technology c. Decreases in population growth d Increases in depreciation rate 6 Decreases in per capita capital