Exercises - Solow model 2. For a savings rate of 20%, a depreciation rate of 10% and the production function of the production function from the previous question, find out the optimal level of the capital stock by capital stock by running a numerical simulation in Excel. 3. Evaluate the obvious implication of Solow's model that less developed countries countries simply need a higher savings rate 4. For a sample of countries of various types, find: a. savings rates b. the value of the capital stock per worker and per capita c. the 5-year growth rate of net capital d. the 5-year growth rate of GDP per worker and per capita Exercises - Solow model 2. For a savings rate of 20%, a depreciation rate of 10% and the production function of the production function from the previous question, find out the optimal level of the capital stock by capital stock by running a numerical simulation in Excel. 3. Evaluate the obvious implication of Solow's model that less developed countries countries simply need a higher savings rate 4. For a sample of countries of various types, find: a. savings rates b. the value of the capital stock per worker and per capita c. the 5-year growth rate of net capital d. the 5-year growth rate of GDP per worker and per capita