Solved

Suppose Y = K¹/²,total Factor Productivity Is Constant and Equal

Question 2

Multiple Choice

Suppose y = k¹/²,total factor productivity is constant and equal to 1,s = 0.40,and d = 0.10.When the economy reaches the steady state,real GDP per worker is ________.


A) $2
B) $4
C) $8
D) $16

Correct Answer:

verifed

Verified

Related Questions

Q1: The break-even investment line becomes flatter when

Q3: As the capital-labour ratio increases,investment per worker<br>A)

Q4: Figure 8.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 8.2

Q5: If d = the depreciation rate,n =

Q6: According to the AK growth model,budget surpluses

Q7: A nation's growth rate will most likely

Q8: The critical determinant of real GDP per

Q9: When incorporating labour-augmenting technological change into the

Q10: In the steady state in the Solow

Q11: In the two-sector growth models,endogenous growth arises