Question: 1. Please attach w solution Consider the following two statements. 1. In the combined Solow-Romer model, output on the balanced growth path (BGP) grows faster

1. Please attach w solution

Consider the following two statements. 1. In the combined Solow-Romer model, output on the balanced growth path (BGP) grows faster than in the simple Romer model. 2. In the combined Solow-Romer model, capital grows at the same rate of output, on the BGP. O Both statements are true O Both statements are false O Only statement 1. is true O Only statement 2. is true

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