Multiple Choice
With steady state growth:
A) the optimal output per worker grows faster than optimal capital per worker.
B) the steady state growth rate of real GDP per worker is less than the rate of technological progress.
C) the average product of capital is constant.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: In the Solow growth model with technological
Q11: The ability to control the inventions from
Q12: Convergence can be seen in the data
Q13: The rewards to private R&D are positively
Q14: A business may not seek a patent
Q16: A problem with the constant average product
Q17: In the key equation for convergence <img
Q18: Ideas are rival goods.
Q19: If sA > s <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt="If
Q20: An example of a non-rival good is:<br>A)mathematical