In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of
Human capital accumulation. The growth rate of human capital equals
A) .
B) .
C) .
D) .
E) .
Correct Answer:
Verified
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
Q11: In the Solow growth model
A)higher total factor
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
Q17: Barriers to the adoption of new technology
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