Multiple Choice
The balanced growth property of the Solow growth model with population growth and technological progress predicts which of the following sets of variables will grow at the same rate in the steady state?
A) output per effective worker, capital per effective worker, real wage
B) output per worker, capital per worker, real wage
C) real rental price of capital, real wage, output per worker
D) capital-output ratio, output per worker, capital per worker
Correct Answer:
Verified
Correct Answer:
Verified
Q77: Other things being equal, all of the
Q78: If Y is output, K is capital,
Q79: According to the Solow model, persistently rising
Q80: Schumpeter's thesis of "creative destruction" is an
Q81: Empirical studies about whether differences in income
Q83: Total factor productivity may be measured by:<br>A)
Q84: If the labor force is growing at
Q85: A possible externality associated with the process
Q86: The endogenous growth model's assumption of constant
Q87: Conditional convergence occurs when economies converge to:<br>A)