Multiple Choice
Which of the following is always true after an economy reaches a balanced growth equilibrium?
A) The growth rate of output equals the rate of depreciation.
B) The growth rate of capital is equal to the savings rate.
C) The growth rate of capital is equal to the growth rate of the effective workforce.
D) Population growth is zero.
E) The growth rate of output equals the rate of saving.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Which of the following best describes a
Q20: Assume that an economy experiences both positive
Q21: Which of the following will cause an
Q22: Which of the following plays the crucial
Q24: Assume that an economy experiences both positive
Q26: Among the reasons that the poor countries
Q27: High growth in the rich countries from
Q28: The rate of growth of output per
Q51: Explain what factors determine the slope of
Q54: Explain what is meant by the fertility