8. Recently output growth slowed has slowed in China. Using the Solow model, explain why this pattern of slowing was to be expected.
9. Explain why the Solow model predicts that a slower pace of population growth will spur more rapid economic growth.
10. Suppose you have an economy with A = 1, k = 1, d = 0.05, and s = 0.1. If the value of α is 0.5, what is the steady state level of output?
11. Suppose the Chinese economy continues to slow. Using economic models, explain the likely impact on the US.
