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Question 29 2 pts If a Solow economy is at a point where the marginal product of capital is lower than the depreciation rate, then: (select all that apply) ) A further increase in the capital stock generates an increase in output which isn't enough to compensate for the increased depreciation O The slope of the production function at that point is lower than the slope of the depreciation line The economy can expand consumption in the long run by slightly increasing the savings rate Question 30 2 pts Suppose a Solow economy has a production function given by: Y = AKi Li. If L = 1, A = 1.2, the steady-state level of capital is 8, and the rate of depreciation is 0.03, then what is the saving rate? O 10% 8% O 24% O 15% O 12%