Solved

In the Combined Solow-Romer Model, the Growth Rate of Total gY=gA×(1/3)gX×(2/3)gLyg _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }

Question 47

True/False

In the combined Solow-Romer model, the growth rate of total output, using the standard production function, is given as gY=gA×(1/3)gX×(2/3)gLyg _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }
.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions