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6. (8 Points) Consider the basic Solow model. Assume that population can grow at two different rates n₁ and n₂, where n₁ > n₂. The population growth rate depends on the

level of output per worker (and therefore the level of capital per worker). Specifically, population grows at rate n₁ when k sƒ (k) and that(n₂ + 8)k < sf (k). Explain what the diagram says about the steady state of the model. Note that is not the same thing as k*. K is the value of k for which the population growth rate, n, changes.

Fig: 1