Solved

According to the Neoclassical Model of Economic Growth, Which of the Following

Question 20

Multiple Choice

According to the neoclassical model of economic growth, which of the following is true?


A) Higher savings will lead to higher investment, higher capital per worker and higher growth in the long run.
B) One of the reasons why economic growth slows is because output needs to be used for
C) If the labour force is growing at 10 per cent, then capital has to grow by more than 10 per cent to keep capital per worker constant.
D) As long as more capital is added per worker, economic growth will keep increasing even in

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