In the richer countries, over the past two centuries:
A) physical capital has increased significantly, but not human capital.
B) physical capital has steadily increased, while human capital first increased and then decreased.
C) human capital has increased significantly, but not physical capital.
D) physical and human capital have both increased significantly.
E) physical and human capital have both increased significantly, but the increase in physical capital has caused almost all of the growth in output.
Correct Answer:
Verified
Q7: Based on our understanding of the growth
Q8: Suppose the saving rate is initially less
Q9: With the presence of technological progress, for
Q10: If endogenous growth models are correct, a
Q11: Assume that technological progress does not occur.
Q13: Which of the following will likely cause
Q14: Suppose the economy is initially in the
Q15: Our model of long- run economic growth
Q16: Suppose a recent budgetary policy results in
Q17: Which of the following situations will result
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents