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3. Consider two countries that have the same values of of 1/3 and the same value of . Country A has a value of of
3. Consider two countries that have the same values of of 1/3 and the same value of . Country A has a value of of .40 and Country B has a value of of .10. Country A has per worker income twice that of Country B - true or false? Explain your answer.
4. Say that the government of a country uses the Solow model to understand how to increase per worker income. Which parameter is easiest to change to increase per worker income?
5. What is the impact of on the steady-state solution of the Solow model? Why is this?
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