Solow Neoclassical Growth Model. 1) Solow represents an improvement on mm but unfortunately faces the same\"l

Solow Neoclassical Growth Model. l) Solow represents an improvement on Hanod-Domar but unf01tunately faces the same"knife-edge" problem characteristic of the Hanod-Domar model. (FALSE) 2) In Solow the economy naturally tends to a steady state of constant output, which depends on the rates of savings population growth and depreciation. (FALSE) 3) An implication of the Solow Model is the possibility of convergence of growth rates between more and less developed countries, if not actual income levels. (TRUE) 4) Since the 1820s per capital incomes have been rising in many countries (especially those with a high level of development). A difficulty with the Solow Model is that it is unable to explain this phenomenon. (FALSE)