According to the Solow model,given the levels of total efficiency units of labor and technology,________.

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In the Solow model, while increases in savings can lead to higher levels of GDP in the short run by enabling more investment in physical capital, there is a concept of diminishing returns to capital. This means that after a certain point, additional savings and investment do not lead to proportional increases in GDP. The model suggests that there is a steady-state level of GDP towards which the economy converges, given the levels of total efficiency units of labor and technology. This steady-state level can be thought of as a maximum fixed level of GDP that can be achieved through saving, beyond which further increases in saving do not lead to sustained economic growth.

According to the Solow Model,given the Levels of Total Efficiency