The Solow growth model
A) predicts differences in standards of living if total factor productivity is different in different countries.
B) predicts that income per capita will diverge across countries.
C) can explain why output grows at a relatively high rate when capital per worker is high.
D) can explain why output grows at a low rate when population growth is low.
E) cannot explain differences in standards of living across countries.
Correct Answer:
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