Justify your answer if it is true, false or uncertain. You may use graphs or models to support your explanations: 1.- According to Robert Solow's model, higher population growth or capital depreciation rate lead to higher GDP per capita in STATIONARY STATE and higher welfare. 2. Consider an economy initially in STATIONARY STATE. Increasing pension contributions in Chile will lead to an increase in GDP per capita and welfare in STATIONARY STATE (related to Solow model).

Justify your answer if it is true, false or uncertain. You may use graphs or models to support your explanations: 1.- According to Robert Solow's model, higher population growth or capital depreciation rate lead to higher GDP per capita in STATIONARY STATE and higher welfare. 2. Consider an economy initially in STATIONARY STATE. Increasing pension contributions in Chile will lead to an increase in GDP per capita and welfare in STATIONARY STATE (related to Solow model).

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 5PA

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