Question: In this question, you will study the Solow growth model with a Cobb - Douglas production function. Consider the following model of economic growth: +

In this question, you will study the Solow growth model with a Cobb-Douglas production
function. Consider the following model of economic growth:
+1=(1)+(1)
=
1(2)
=(3)
=(4)
= for all (5)
= for all (6)
(a)(10 points) Is the production function (2) characterized by constant returns to scale?
Explain.

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