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The Solow Growth Model Predicts That a Country's Standard of Living

Question 15

Multiple Choice

The Solow growth model predicts that a country's standard of living can continue to increase in the long run only if


A) there is sustained increases in government spending.
B) there is sustained increases in total factor productivity.
C) there is sustained increases in the population.
D) there is sustained increases in the labour force.
E) there is sustained increases in the capital stock.

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