Multiple Choice
In the two-sector endogenous growth model, the saving rate (s) affects the steady-state:
A) level of income.
B) growth rate of income.
C) level of income and growth rate of income.
D) growth rate of the stock of knowledge.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: The rate of labor-augmenting technological progress (g)
Q62: The recent worldwide slowdown in economic growth
Q63: The number of effective workers takes into
Q64: In a steady-state economy with population growth
Q65: Hypotheses to explain the positive correlation between
Q67: Which of the following changes would bring
Q68: In the Solow growth model, technological change
Q69: Empirical investigations into whether differences in income
Q70: Evaluate the rate of saving to determine
Q71: The economy of Macroland can be described