Course: Macroeconomics - Solow Growth Model

According to the World Bank database, the following information is available for China: a. the population growth rate was 0.541% in 2016. b. the population growth rate was 0.314% in 2020. c. the fertility rate was 1.7% in 2016 as in 2020. 1) Explain how the population growth rate could have changed if the fertility rate has not. 2) Based on the data above, how would you evaluate the change that was made in China by relaxing its one-child policy, did it have an effect? Then analyze how the economy changes in the 2 years indicated above according to the Solow Model.

Assume that k=0. Plot.

NOTE: Argue all the answers