Exam 6: The Sources of Growth and the Solow Model

Figure 6.1 -According to Figure 6.1,the period from 1996 to 2011 is particularly remarkable for the slow growth of ________.

Output per worker is 50,the saving rate is 15 percent,the population is growing at one percent,depreciation is 9 percent,and the capital-labor ratio is 80.Consumption per worker is ________.

If an economy invests more than it loses through depreciation ________.

The growth rate of which of the following is not a component of the growth accounting equation?

An increase in the saving rate results in a higher steady state ________.

Which of the following had the highest rate of growth during the period 1948-72?

In a steady-state economy with no population growth,capital per worker is 86,the saving rate is 25 percent,and the depreciation rate is 11 percent.The level of output per worker is ________.

Other things the same,in the Solow model in the steady state,a higher rate of population growth ________ the level of output per worker.

The impact of immigration on an economy's steady state capital-labor ratio is reduced to the extent that the immigrants tend to ________ than the native population.

Across national economies which of the following is the most important source of variation in growth rates?

The highest rate of U.S.growth was recorded in which of the following periods?

A major contribution of the Solow model is its ________.

Population growth is similar to depreciation,in that ________.

If depreciation is less than investment ________.

The Solow model is ________.

In a steady-state economy with no population growth,output per worker is 35,the saving rate is 20 percent,and the depreciation rate is 11 percent.The level of capital per worker is ________.

There are no questions for this section. 6.7 Sources of Economic Growth: Growth Accounting

Suppose an economy is in a steady state,then its saving rate falls,once and permanently.As the economy approaches its new long-run steady state,consumption per worker is ________.

International evidence on the relationship of per capita income and the saving rate suggests that ________.

Changes in the capital stock are caused by changes in ________.