Assignment
Write a four to six page paper that answers the following:
1. Discuss the three basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions.
2. Analyze the effects of an increase in population growth on the growth rate of capital per worker.
3. Describe the effects of a decline in the labor participation ratio on the growth rate of capital per worker with the population growth rate held constant.
4. Analyze the effects of a positive technology growth rate on the growth rate of capital per worker.