Question 3: Short Essay (3 pts) The Solow growth model predicts strong convergence. In the context of Figure 1, answer the following questions in a paragraph or two: . Do diminishing returns to scale seem to be present? Why or why not? . Can this figure be explained by constant returns to scale of capital? Why or why not? . Is the statement "only a constant positive productivity growth rate can explain this kind if growth." true? Why or why not? Real Per Capita Growth by Country Initial GDP Average growth rate, 1970-2015 6 4 .. . . .. . . . . . . . . . 2 Log per capita income, 1970 7.0 7.5 8.0 8.5 9.0 Figure 1: Use this figure to