In Solow's exogenous growth model, the principal obstacle to continuous growth in output per capita is due to

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In Solow's exogenous growth model, the principal obstacle to continuous growth in output per capita is the declining marginal product of capital. As more capital is accumulated, the additional output produced by an extra unit of capital decreases, leading to a convergence to a steady-state level of output per capita where growth can no longer be sustained by capital accumulation alone.

In Solow's Exogenous Growth Model, the Principal Obstacle to Continuous