Multiple Choice
In the Solow model,the faster growth of output that results from an increase in the saving rate is temporary,because ________.
A) of diminishing marginal product of capital
B) with a larger stock of capital,consumption is encouraged more than investment
C) the rising capital stock depreciates at a faster rate
D) the economy settles into a steady state in which saving no longer rises
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Changes in the capital stock are caused
Q61: Figure 6.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Figure 6.1
Q62: If productivity is growing at some sustained
Q63: In the past 50 years,per capita income
Q64: Within rich economies,there is strong evidence of
Q66: Figure 6.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Figure 6.1
Q67: Economic growth _.<br>A)is driven by different elements
Q69: Given the production function Y = A
Q70: The per-worker production function is _.<br>A)upward-sloping<br>B)downward-sloping<br>C)vertical<br>D)horizontal
Q123: There are no questions for this section.