According to the Solow growth model, there are two reasons why an increase in total factor...

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According to the Solow growth model, there are two reasons why an increase in total factor productivity leads to an increase in output. What are those two reasons? b. [5 points] Does the fact that the income distribution between different countries in the world has not narrowed since the second world war contradict the predictions of the Solow growth model? c. [5 points] Name five factors that are likely to increase the steady state level of income in a given country. According to the Solow growth model, there are two reasons why an increase in total factor productivity leads to an increase in output. What are those two reasons? b. [5 points] Does the fact that the income distribution between different countries in the world has not narrowed since the second world war contradict the predictions of the Solow growth model? c. [5 points] Name five factors that are likely to increase the steady state level of income in a given country.

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