
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 5
Consider once more the neoclassical model with a steady-state level of per capita output. Suppose a society can choose its rate of population growth. How can this choice affect the steady-state per capita output Could such a policy help the country avoid falling into a poverty trap
b. Now suppose we have an endogenous growth model. How will a lower population growth rate affect the society's long-term growth potential
b. Now suppose we have an endogenous growth model. How will a lower population growth rate affect the society's long-term growth potential
Explanation
a. A country that is able to choose its ...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255