Multiple Choice
According to the Solow model, differences in standards of living across countries is explained by
A) differences in labour supply.
B) differences in population growth.
C) differences in total factor productivity.
D) different barriers to technology adoption.
E) different steady states.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: The Solow growth model predicts that aggregate
Q26: In the endogenous growth model presented in
Q27: What causes barriers to technology adoption?<br>A) weather<br>B)
Q28: In the endogenous growth models of Lucas
Q29: A major differences between the Solow growth
Q31: Countries do not have access to the
Q32: Government policy can change the rate of
Q33: What explains the differences in standards of
Q34: In the endogenous growth models of Lucas
Q35: Romer's model of endogenous growth is<br>A) consistent