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Answer the following question China has changed from a low-income country to a middle-income country and has maintained a high per capita income growth rate

Answer the following question

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China has changed from a low-income country to a middle-income country and has maintained a high per capita income growth rate for the last three % decades. Using the below diagram (Solow growth model), explain how the Chinese economy could escape the low-level equilibrium? (Analyze using the graph and cite the policies adopted by the country that are similar to the Solow growth model) (thorough explanation) yc f(k) [n( y ) + d]k sf ( k ) YA KB kc

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