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In the Solow Growth Model of an Economy with Population

Question 52

Multiple Choice

In the Solow growth model of an economy with population growth but no technological change, if population grows at rate n, then capital in the steady state grows at rate _____, and output grows at rate _____ in the steady state.


A) n; n
B) n; 0
C) 0; 0
D) 0; n

Correct Answer:

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