In the Solow economic model, id like to know the relationship between the rate of population growth and the steady state level of income. I know that when the rate of population growth grow, then the breakeven investment line goes up, which decreses investment and capital per worker, but what does it do to the income level and the steady state rate of growth?

A nation's real per capita GDP is $7,788 in 2004 and $8,080 in 2005. What is the growth rate of real GDP per capita? A. 3.75% B. 3.5% C. 3.61% D. 2.75%

How do macroeconomic theories evolve? What is the Solow growth model? How does technology affect growth? Why are institutoins the key to economic growth?

What are the three eras regarding the history of human population growth, and what arethe characteristics of each era? According to Galor and Weil (2000), what are the majoreconomic forces that drive the transition from a Malthusian economy to a modern growtheconomy?

which statement \s are true. use graphs to exlain a. In the Solow growth model, the saving rate is a crucial determinant of the economy's long-run growth rate of output per worker. b. In the endogenous growth model , the representative firm sets the wage so that the demand and supply of efficiency units of labour are equal. c. In the endogenous growth model , there is no steady state of the economy as human capital will always continue to grow forever. d. The assumption of Constant Returns to Scale technology implies that the marginal product of factor imput is always decreasing.

Which of the following best defines 'institutions' as they relate to economic development? O The formal and informal rules governing the organization of society. O Buildings and other major structures. O Long-lasting organizations and companies. O The formal branches of government.