7.Multiple Answer: The household saving rate in Sweden increased from about 4.9 percent in 1995 to 17 percent in 2020. According to SGM1, in Sweden's new steady state

A. consumption per worker will be lower

B. the marginal product of capital will be lower

C. the marginal product of capital will remain unchanged

D. consumption per worker will be higher

E. the population growth rate will increase

F. the level of capital per worker will be higher

G. the level of output per worker will be higher

H. investment per worker will be lower

I. the level of capital per worker will be lower

J. the depreciation rate will decrease

K. investment per worker will be higher

L. consumption per worker may be higher or lower, depending on whether the new steady state is closer to or further from the golden rule level of capital per worker

M. the marginal product of capital will be higher

N. the level of output per worker will be lower

8.Multiple Answer & Follow-up- to 7: What will happen to the growth rate of capital per worker and output per worker during the transition from the old to the new steady state?

A. The growth rate of capital per worker and output per worker is zero

B. The growth rate of capital per worker will be negative

C. It depends on the depreciation rate

D. The growth rate of output per worker will be positive

E. The growth rate of output per worker will be negative

F. The growth rate of output per worker will decrease at a decreasing rate

G. The growth rate of capital per worker will decrease at a decreasing rate

H. The growth rate of capital per worker will be positive