Multiple Choice
The AK model generates permanent economic growth despite the absence of technological progress. Per worker output, y, grows at the economy's rate according to the AK model.
A) population growth.
B) capital growth.
C) depreciation.
D) saving.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Technological progress has been characterized as:<br>A) path
Q13: The learning-by-doing model:<br>A) exhibits increasing returns to
Q14: Among the characteristics of technology is/are:<br>A) technological
Q15: A measure of an economy's technological progress
Q16: Externalities:<br>A) are incidental by-products of some other
Q18: Which of the following is not one
Q19: Paul Romer's definition of technology includes:<br>A) institutions.<br>B)
Q20: A learning curve relates:<br>A) the costs of
Q21: Endogenous growth models:<br>A) explicitly specify how technology
Q22: In the Cobb-Douglas production function, the closer