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Solow model, explain why this pattern of slowing was to be expected, economics homework help
8. Recently output growth slowed has slowed in China. Using the Solow model, explain why this pattern of slowing was to be expected.
9. Explain why the Solow model predicts that a slower pace of population growth will spur more rapid economic growth.
10. Suppose you have an economy with A = 1, k = 1, d = 0.05, and s = 0.1. If the value of α is 0.5, what is the steady state level of output?
11. Suppose the Chinese economy continues to slow. Using economic models, explain the likely impact on the US.
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