3. In the Solow model, once the economy has reached its steady state, what is the (net) growth rate of k (capital per worker)? a. s b. n c. zero d. d 4. In the Solow model, once the economy has reached its steady state, what is the (net) growth rate of Y (aggregate output)? a. d b. n c. zero d. s 5. In the Solow model, when the current capital per worker ratio is less than its steady-state value (that is k<k*) the capital per worker ratio… a. remains constant b. increases until it reaches k* c. decreases until it reaches k* 6. In the Solow model, there is no growth in income per worker (y) in the long run. True or False 7. In the solow model, how does the steady-state value of output per worker (y*) change when the savings rate (s) decreases? a. y* decreases b. y* increases c. y* does not change
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