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Describe effects of a decline in labor participation ratio

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Reference no: EM131824175

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.

Reference no: EM131824175

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