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country A country B 6. Complete the following table: Solow model population growth rate capital depreciation rate national saving rate I total population in year
country A country B 6. Complete the following table: Solow model population growth rate capital depreciation rate national saving rate I total population in year 1 total capital in year 1 Production Process: total output in year 1 total investment made in year 1 total output in year 2 growth rate for total output 5% 5% 5% 100 16 5% 5% 5% 361 100 Steady State: steady state capital intensity capital intensity in year 1 capital intensity will increase or decrease in year 2 growth rate for per capita output 7. In Solow model What are the factors that defines the steady state for one economy? 8. Could you think about some policies that a social planner could implement in order to increase their economy's steady stato in the real world
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