Multiple Choice
Which of the following best answers whether growth in the labor force leads to overall economic growth?
A) Population growth can produce growth in the Solow model in the aggregate but not in output per person.
B) Total capital and production per worker can grow as the population of the economy grows.
C) It never does-only capital contributes to aggregate economic growth.
D) Population growth can produce growth in the Solow model in the aggregate and in output per person.
E) Population growth increases output per person but not aggregate output.
Correct Answer:
Verified
Correct Answer:
Verified
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