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

Verified
Correct Answer:
Verified
Q10: Recent evidence suggests that the level of
Q11: One plausible explanation of the Canadian productivity
Q12: Growth in real GDP per-capita in Canada
Q13: The high growth rate in aggregate output
Q14: In Solow's model of economic growth,suppose that
Q16: Human capital is<br>A) the level of capital
Q17: On average,from 1960-2000,real GDP in Canada grew
Q18: A pessimistic long run Malthusian result is<br>A)
Q19: Recent evidence suggests that output per worker
Q20: In the Malthusian model,the steady state effects