In the Solow growth model, the main obstacle to continuous growth in output per effective worker is: O the declining marginal product of capital the limits in the ability of government policymakers the depreciation of capital too little savings the declining marginal product of labour

Consider the Solow model extended with human capital. Suppose the production function is Cobb Douglas. Find the levels of physical and human capital in the steady state. Describe the joint dynamics of the two forms of capital if the economy is not at the steady state.

Explain the effects of a change in total factor productivity on the saving rates consistent with the Golden Rule of the Solow Model.

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.