Solow Model Question: Consider the baseline Solow Model with no population growth and no technological progress. As a simple example of a Neoclassical production function, assume that production function is given by the CobbDouglas function, (Y. = Kf'Ntl'\"). Recall that in the baseline model 2,4: = n is the growth rate of the population. Explain which propertly of the Neoclassical production function is responsible for the model requiring (exogenous) population growth in order to generate steady state growth in output, Yg. In other words, what property of the production function is responsible for Y; = CI in the steady state in the case that n = 0. To help you think about this question: when n > 0, what is the steady state growth rate of the capital stock and what is the capital-labour ratio in the steady state? Think about this steady state capital-labour ratio and why it arises. This is