Multiple Choice
A key assumption in an endogenous growth model with both labor and capital inputs in the production function is that
A) the share of capital is larger than the share of labor
B) the share of capital and labor have to be equal
C) better technology is a byproduct of more capital investment
D) there are no external returns to capital
E) long-run growth comes solely from technological progress
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Assume we have a simple endogenous growth
Q33: Which of the following countries had the
Q34: Which of the following countries is NOT
Q35: Countries with higher saving rates may have
Q36: A comparison of per-capita GDP in China
Q38: Assume an endogenous growth model with labor
Q39: In a simple version of the Solow
Q40: Separating private returns to capital from social
Q41: Developed countries that direct their investment towards
Q42: The "Asian Tigers" achieved high economic growth