Assignment 1: The Solow Growth Model

Write a four to six (4-6) page paper that answers the following:

1. Discuss the three (3) basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions. 
2. Analyze the effects of an increase in population growth on the growth rate of capital per worker. 
3. Describe the effects of a decline in the labor participation ratio on the growth rate of capital per worker with the population growth rate held constant. 
4. Analyze the effects of a positive technology growth rate on the growth rate of capital per worker.