Multiple Choice
In the two-sector growth models,the size of the labour force,the proportion of the labour force devoted to research,and the productivity of researchers determine the
A) investment necessary for steady-state growth.
B) steady-state capital stock.
C) growth rate of labour-augmenting technological change.
D) human capital stock.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Government policies that reduce the price of
Q15: Countries that have experienced sustained increases in
Q16: Balanced growth occurs when<br>A) the economy is
Q17: When break-even investment is subtracted from investment
Q18: What effect would each of the following
Q20: If the saving rate increases,break-even investment will
Q21: The rate at which the capital stock
Q22: The AK growth model indicates that countries
Q23: Over half of the increase in labour
Q24: Assume the capital-labour ratio remains constant.If investment