The Solow Model Demonstrates That

Multiple Choice

The Solow model demonstrates that

A) in the absence of productivity growth, economic growth will turn negative in the long run.
B) in the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run.
C) productivity growth must exceed the rate of growth in the population to avoid a steady state in the long run.
D) productivity growth will inevitably decline due to diminishing marginal productivity.