Please answer these three questions regarding the Solow Model:
1 . In the Galow Model , which of the following all grow at the same rate in steady state!"A. ] The capital- output ratio & / Y , the capital – labor ratio & /’L, and the marginal product of labor MPL .B. ] Population I, the capital – labor ratio* /’L, and the marginal product of labor MP L .“ ] The capital- out put ratio " / } , the marginal product of capital MIFE, and `I. ! The capital _ output ratio & / Y , the marginal product of labor LIFE, and {.E. ] None of the above .2. Which of the following is the marginal product of labor MP [ in the Golan Model?"A. ] [1 – 0 ) =B. J “ – !“`] Both of the aboveI. ] None of the above.`. ASSUITE that the growth rate of technological progress is zero . In this situation , which of the following*[FINALIIS Constant in steady state*?"A. ] Output per worker – .B. ] Consumption per worker } .C. ] Both of the above.D. ; None of the above
