The endogenous growth model appears consistent with the fact that there are
A) persistent differences in income per worker between the poorer countries and the richer countries.
B) persistent differences in consumption per worker between the poorer countries and the richer countries.
C) persistent differences in government spending between the poorer countries and the richer countries.
D) persistent differences in infrastructure between the poorer countries and the richer countries.
E) persistent differences in education per worker between the poorer countries and the richer countries.
Correct Answer:
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Q50: In the endogenous growth model,
A) the growth
Q51: Government policy can change the rate of
Q52: Decreasing the fraction of time devoted to
Q53: The production function exhibits
A) increasing returns to
Q54: Government policies that increase the efficiency of
Q56: In the endogenous growth model presented in
Q57: If the time allocated to human capital
Q58: In the endogenous growth model presented in
Q59: The marginal product of human capital
A) rises
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