Why us will have zero population in the 21st century

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Many demographers predict that the United States will have zero population in the 21st century in contrast to average population growth of about 1 percent per year in the 20th century. Use the Solow model to forecast the effect of this lowdown in population growth on the growth of total output and the growth of output per person. Hint: Consider effects both in the steady state and in the transition between steady states.

Reference no: EM13219249

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