Which of the following statements does NOT describe the steady state of an economy,when technology is constant?
A) Investment per worker is equal to the requirement (break-even) investment.
B) Output per worker and consumption per worker are constant.
C) The growth rate of the output per worker is zero.
D) The capital per worker grows at a constant rate.
Correct Answer:
Verified
Q18: Suppose the current level of output is
Q19: Suppose the rate of economic growth in
Q22: Steady-state investment per worker is positively related
Q23: If f(k)= 8k⁰.⁵,s = 0.2,n = 0.3,and
Q25: The idea that measurement problems could explain
Q25: If f(k)= 6k⁰.⁵,s = 0.1,n = 0.1,and
Q26: In a steady-state economy,
A)the total capital stock
Q27: In a steady state,
A)both consumption per worker
Q28: In the neoclassical growth model,if productivity does
Q29: During the period from 1984 to 1998,productivity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents