b.What happens to your output if you increase the amount of capital?
c.After some time, the production function changes to: Y=10.3 F(K,L). What is 10.3 in this situation (what does it represent generally)?
d.Which Solow Growth Model includes this variable?
e.Draw what the introduction of this variable does to the Solow graph in part (a)
10.Calculate the real per capita GDP growth rate for 2011 and 2012 (you may use a calculator, round to the nearest hundredth)