Question: Consider two countries with the same steady state level of capital. Suppose both countries start with an initial capital stock below the steady state level.

 Consider two countries with the same steady state level of capital.

Consider two countries with the same steady state level of capital. Suppose both countries start with an initial capital stock below the steady state level. What must be true according to the Solow mode]? (select all that apply) (a) Total capital depreciation should be declining over time. (b) The growth rate of GDP per capita should initially be positive. (c) Consumption should be declining over time because investment is increasing over time. (d) Net investment will be equal to zero during the years while the two countries are at the steady state. (e) The country that is further away from the steady state should exhibit a higher GDP per capita growth rate

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