U.S. and Chinese GDP Growth in the Long Run. China is a country
with a very high savings rate s, about 40%. The U.S. has a much
lower savings rate, closer to 15%. (There are many reasons for this
difference.) For this question, assume that the population growth
rate n, technology growth rate g, depreciation rate δ, and
production function f(k) in China are the same as in the U.S.
a) According to the full Solow growth model (with technology...