Solved

Assume We Have a Simple Endogenous Growth Model Where Technology

Question 32

Multiple Choice

Assume we have a simple endogenous growth model where technology is labor augmenting, that is, Y = F(K,AN) , and also proportional to the capital-labor ratio, such that y = ak.In this case, the growth rate of GDP per capita can be expressed by


A) sa + (n + d)
B) sa - (n + d)
C) sa - (n + d) k
D) sa + (n - d) k
E) sk - (n + d) a

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions