In the Solow growth model
A) higher total factor productivity results in no long-run change in consumption per capita.
B) higher consumption per capita causes the population to increase.
C) business cycles explain differences in income per capita across countries.
D) the model predicts that growth ultimately stops and all countries look the same.
E) a country with higher total factor productivity has higher per capita income.
Correct Answer:
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Q6: Romer's model of endogenous growth is
A)inconsistent with
Q7: Human capital is
A)the accumulated stock of physical
Q8: Nonrivalry means
A)it is possible to prevent a
Q9: If the time allocated to human capital
Q10: Which of the following is best characterized
Q12: In the endogenous growth model presented
Q13: What causes barriers to technology adoption?
A)population
B)tax policies
C)the
Q14: Which of the following statements best describes
Q15: Barriers to Riches, by S. Parente and
Q16: In the endogenous growth models of Lucas
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