questions below

QUESTION 4-1 For the next five questions, use the following scenario with our Solow model beginning in its steady state equilibrium. The economy experiences an exogenous increase in its saving rate. How would you describe the new steady state stock relative to the original steady state capital stock? {j} higher '3' same 0 lower 0 not enough information to determine QUESTION 4-2 How would the economy grow from the original steady state to any possible new steady state? C} the economy would grow at a constant rate as it approaches the new steady state 0 the economy would grow slowly at rst and then speed up as it approaches the steady state {i} the economy would grow quickly at rst and then slow down as it approaches the steady state '3' the economy would not grow because the steady state is unchanged QUESTION 4-3 How would you descn'be the share of consumption in GDP relative to before the change in the savings rate? '3' higher 0 same {it} lower {3' not enough information to determine QUESTION 44 How would you describe the change in the capitaloutput ratio relative to before any change in the savings rate? {it} increase 0 decrease C} no change '3' not enough information to determine QUESTION 45 If The ratio of The new savings rate to the old savings rate is equal to 4, Then what is The ratio of GDP per capita in The steadyr state after the increase in the savings rate relative to GDP per capita in the steadv state before the increase in the savings rate