Solved

Comparing Steady States,which of the Following Is a Result of a Permanent

Question 21

Multiple Choice

Comparing steady states,which of the following is a result of a permanent increase in the saving rate,but is not a consequence of a one-time increase in productivity?


A) an increase in consumption per worker
B) a decrease in the marginal product of capital
C) an increase in output per worker
D) an increase in the growth rate of output

Correct Answer:

verifed

Verified

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

Related Questions

Q16: A One-Child Policy was instituted in 1979

Q17: Solow Diagram <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Solow Diagram

Q18: National output is a function of _.<br>A)capital

Q19: Capital and labor are distinct from productivity

Q20: In a closed economy _.<br>A)investment equals consumption<br>B)investment

Q22: If depreciation is equal to investment _.<br>A)capital

Q23: "Capital dilution" refers to _.<br>A)the flow of

Q24: Strong evidence of convergence exists for _.<br>A)wealthy

Q25: In the Solow model,which of the following

Q26: Solow Diagram <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Solow Diagram