Multiple Choice
In the Solow model, if we assume that capital depreciation rates are the same across all countries, differences in per capita output can be explained by:
A) the steady-state capital stock
B) the initial capital stock and saving rates
C) differences in productivity and saving rates
D) the labor stock and saving rates
E) None of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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