A growth model with continuing output per worker growth in the long run is:
A)the production function.
B)the Ak model of constant average product of capital.
C)the Solow growth model.
D)all of the above.

Question

Quizplus · Accepted Answer

The Ak model of constant average product of capital is known for allowing continuous growth in output per worker in the long run, unlike the Solow growth model which predicts convergence to a steady state with no long-term per capita growth without technological progress. The production function alone does not specify a growth model.

A Growth Model with Continuing Output Per Worker Growth in the Long