According to the Solow growth model,growth will eventually
A) stop.
B) slow down.
C) increase.
D) turn negative.
E) remain erratic.

Question

Quizplus · Accepted Answer

According to the Solow growth model, growth will eventually stop due to the steady state equilibrium where the rate of output growth is equal to the rate of population growth and technological progress. Once the economy reaches this equilibrium, there will be no further growth in output per capita.

According to the Solow Growth Model,growth Will Eventually