Solved

In the Neoclassical Growth Model,if Two Countries Are Exactly the Same

Question 21

Multiple Choice

In the neoclassical growth model,if two countries are exactly the same but one has a lower depreciation rate,we would expect that country to have


A) higher output,a higher capital-to-labor ratio,and the same per capita output growth in the steady state.
B) higher output,a higher capital-to-labor ratio,and higher per capita output growth in the steady state.
C) the same output and capital-to-labor ratio,but higher per capita output growth in the steady state.
D) higher output,the same capital-to-labor ratio,and the same per capita output growth in the steady state.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents