Based on the Solow Growth Model with Population Growth and Labour-Augmenting

Question 91
Essay

Based on the Solow growth model with population growth and labour-augmenting technological progress,explain how each of the following policies would affect the steady-state level and steady-state growth rate of total output per person: a.a reduction in the government's budget deficit b.grants to support research and development c.tax incentives to increase private saving d.greater protection of private property rights