For the Solow model to accurately explain the observed divergence of growth experience around the world would require
A) differences in consumption per worker.
B) barriers to the introduction of new technologies.
C) inadequate educational opportunities in poor countries.
D) differences in savings rates across countries.
E) differences in population growth rates across countries.
Correct Answer:
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Q31: In the Solow growth model, a country
Q32: In the endogenous growth model presented in
Q33: Total factor productivity growth involves
A)research and development
Q34: In the endogenous growth model presented
Q35: The government can cause growth to increase
Q37: Human capital accumulation is different from physical
Q38: Income per worker has been
A)converging in neither
Q39: Government ownership of production
A)increases total factor productivity.
B)is
Q40: The endogenous growth models were characterized by
A)Friedman
Q41: As a measure of aggregate economic welfare,
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