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The Solow growth model predicts that slower growth in the labor force will increase steady state savings per worker and increase steady state GDP per worker, as a smaller labor force means each worker must save more to maintain steady state GDP per worker.

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the solow growth model predicts that slower growth in the labour force will: a. increase steady state savings per worker and increase steady state GDP per worker b. decrease steady state savings per worker and decrease steady state GDP per worker c. decrease steady state savings per worker and increase steady state GDP per worker d. increase steady state savings per worker and decrease steady state GDP per worker

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  • 1. the solow growth model predicts that slower growth in the labour force will: a. increase steady state savings per worker and increase steady state GDP per worker b. decrease steady state savings per worker and decrease steady state GDP per worker c. decrease steady state savings per worker and increase steady state GDP per worker d. increase steady state savings per worker and decrease steady state GDP per worker