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In the Combined Solow-Romer Model, the Growth Rate of Total gY=gAg _ { Y } = g _ { A }

Question 6

Multiple Choice

In the combined Solow-Romer model, the growth rate of total output, using the standard production function, is given as:


A) gY=gAg _ { Y } = g _ { A }
B) gY=gA+(1/3) gK+(2/3) gLYg _ { Y } = g _ { A } + ( 1 / 3 ) g _ { K } + ( 2 / 3 ) g _ { L Y }
C) gY=gA+(1/3) gXg _ { Y } = g _ { A } + ( 1 / 3 ) g _ { X }
D) gY=gA+gK+gLYg _ { Y } = g _ { A } + g _ { K } + g _ { L Y }
E) gY=gA+gK1/3+gLY2/3g _ { Y } = g _ { A } + g _ { K } 1 / 3 + g _ { L Y } 2 / 3

Correct Answer:

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