Multiple Choice
In a steady state with population growth and technological progress:
A) the capital share of income increases.
B) the labor share of income increases.
C) the capital share of income, in some cases, increases, and sometimes the labor share increases.
D) the capital and labor shares of income are constant.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: International differences in income per person in
Q15: a. What is the Solow residual?<br>b. Compare
Q16: When capital increases by <span
Q17: In the two-sector endogenous growth model, the
Q18: The productivity slowdown that began in the
Q20: Explain how the Solow growth model differs
Q21: Assuming that technological progress increases the efficiency
Q22: Explain why additional capital generates both positive
Q23: Endogenous growth theory rejects the assumption of
Q24: If the per-worker production function is y