To analyze the Solow growth model,we make the simplifying assumption that
A) the capital-labour ratio remains constant.
B) the economy is open.
C) the ratio of workers to the population is constant.
D) households save an increasing portion of their income.
Correct Answer:
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Q6: By comparing _ and _,we will be
Q7: In the Solow growth model,the steady state
Q8: Suppose y = k¹/²,total factor productivity is
Q9: As the capital-labour ratio increases,investment per worker
A)
Q10: Suppose y = k¹/²,total factor productivity is
Q12: Suppose y = k¹/²,total factor productivity is
Q13: In the Solow growth model,if the level
Q14: In the Solow growth model,if the level
Q15: Suppose k = y¹/²,total factor productivity is
Q16: Keeping total factor productivity constant,as the capital-labour
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