Which of the following statement is NOT true?
A) In the Solow model,the marginal productivity of capital depends on the level of capital.
B) In the endogenous growth model,the marginal productivity of capital is diminishing.
C) In the Solow model,the marginal productivity of capital diminishes as capital increases.
D) In the endogenous growth model,the marginal productivity of capital is constant.
Correct Answer:
Verified
Q69: If labour productivity grows at 1.5% and
Q70: In a neoclassical model of growth,an increase
Q71: One can predict that the rapid growth
Q72: If there is international trade and finance,output
Q73: Government policy can improve the long-run economic
Q75: You support an industrial policy for Canada.Which
Q76: The government-backed Canadian Pension Plan (CPP)
A)increases national
Q77: The steady state is a situation in
Q78: The primary cause of the rapid economic
Q79: In the neoclassical theory of growth,an increase
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